47 Northcote Avenue, Toronto, ON M6J 3K2, Toronto C01, ON
Bed 6
Bath 4
Investors consider buying both 47 Northcote Ave, or 45 Northcote Ave separately, or buy them both & allow titles of both properties to merge into a legal 8-plex, with existing approval for additional unit, and possibly avoid Canada's foreign buyer ban. This Bay & Gable brownstone beauty at #47 Northcote Ave is a 3-story 4-plex with self-contained apartments, including 2 1-bedroom main flr apartments, a large 2-bed 2nd, a large apartment on 3rd with a massive rooftop deck. Anchored in the West Queen West area of Toronto - a most desirable lifestyle and real estate investment hub - having the opportunity to purchase 2 side by side homes like this is nearly unheard of in this area. Renovated Victorian era brownstone with optimum income for owners who intend to live here or investors maximizing rents and future price appreciation. In 2018 #47 was approved for an additional huge basement apartment. just like the one at #45. Ensuite laundries, separately metered and with own temperature controls. Floors were additionally insulated for sound and thermal. 47 Northcote backs onto a laneway offering access multiple neighbouring coach houses. #45 & #47 could house a coach house of their own. Prefer to keep the backyard as parking? Theres room for over 6 cars. #45 & #47 together span 43+ feet of frontage and approximately 123 feet of depth. Current rents lead to top of market CAP rates, with tenants paying own utilities. With already approved expansion plans, financials will surely go up. Beaconsfield Village's Northcote is bookended by dreamy Beaconsfield Avenue with its mid-1800s brownstones and fabulous coach houses, anchored by Queen West's famous Drake Hotel and The Gladstone. Top restaurants, fantastic dessert and coffee shops, and famous bars. Top walk and bike scores.
Property Highlights
For Sale
MLS NO.
C9229906
Type
Residential Freehold
Sub Type
Semi-Detached
Bedrooms
6
Bathrooms
4
Parking
3.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Semi-Detached
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
C9229906
Living Area Range
3000-3500
Total Bedrooms
6
Bedrooms Above Grade
6
Total Bathrooms
4
Total Kitchens
4
Kitchens Above Grade
4
Rooms Above Grade
12
Interior Features
None
Fireplace
No
Construction
Brick, Other
Roof
Asphalt Shingle
Lot Width
19.74
Parking Features
Lane
Parking Total
3.0
Covered Spaces
0.0
Garage Type
None
Pool
None
Direction Facing
East
Cooling
Wall Unit(s)
Heat Source
Gas
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
47 Northcote Avenue, Toronto, ON M6J 3K2
City
Toronto C01
Neighbourhood
Little Portugal
County / Region
Toronto
Province / State
ON
Postal Code
M6J 3K2
Cross Street
Queen Street West & Northcote Ave
Country
CA
List Price
$2,575,000
Annual Taxes
$8,548
Tax Year
2024
Legal Description
PT LT 109 PL 300 TORONTO AS IN CA644450; CITY OF TORONTO.
Possession Details
tbd
Listing Office
HARVEY KALLES REAL ESTATE LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2024-07-29T14:50:34Z
Media Updated
2024-10-19T15:48:17Z
Photos Updated
2024-10-19T15:48:16Z
Last Modified
2024-10-25T19:05:17Z
System Modified
2025-10-11T17:42:42.749275Z
MLS Status
Terminated
Architectural Style
3-Storey
Basement
Separate Entrance, Unfinished
Board Property Type
Free
Ddfyn
Yes
Expiration Date
2024-10-31
Foundation Details
Not Applicable
Heat Source Multi
Gas
Heat Type Multi
Radiant
Heating Yn
Yes
Hstapplication
Included
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
3
Property Features
Park, Rec./Commun.Centre, Public Transit, School
Public Remarks
Investors consider buying both 47 Northcote Ave, or 45 Northcote Ave separately, or buy them both & allow titles of both properties to merge into a legal 8-plex, with existing approval for additional unit, and possibly avoid Canada's foreign buyer ban. This Bay & Gable brownstone beauty at #47 Northcote Ave is a 3-story 4-plex with self-contained apartments, including 2 1-bedroom main flr apartments, a large 2-bed 2nd, a large apartment on 3rd with a massive rooftop deck. Anchored in the West Queen West area of Toronto - a most desirable lifestyle and real estate investment hub - having the opportunity to purchase 2 side by side homes like this is nearly unheard of in this area. Renovated Victorian era brownstone with optimum income for owners who intend to live here or investors maximizing rents and future price appreciation. In 2018 #47 was approved for an additional huge basement apartment. just like the one at #45. Ensuite laundries, separately metered and with own temperature controls. Floors were additionally insulated for sound and thermal. 47 Northcote backs onto a laneway offering access multiple neighbouring coach houses. #45 & #47 could house a coach house of their own. Prefer to keep the backyard as parking? Theres room for over 6 cars. #45 & #47 together span 43+ feet of frontage and approximately 123 feet of depth. Current rents lead to top of market CAP rates, with tenants paying own utilities. With already approved expansion plans, financials will surely go up. Beaconsfield Village's Northcote is bookended by dreamy Beaconsfield Avenue with its mid-1800s brownstones and fabulous coach houses, anchored by Queen West's famous Drake Hotel and The Gladstone. Top restaurants, fantastic dessert and coffee shops, and famous bars. Top walk and bike scores.
