21 Macdonell Avenue, Toronto, ON M6R 2A3, Toronto W01, ON
Bed 8
Bath 4
Prime 4-Unit Income Property, a rare opportunity in the heart of Roncesvalles, this stunning red double-brick classic home offers exceptional rental income for investors or savvy homeowners, with 4 incredible fully equipped, spacious 2-bedroom apartments. Each self-contained unit boasts modern upgraded kitchens with dishwashers, private entrances, and ensuite laundry for ultimate convenience. Thoughtfully designed with spacious layouts, the main floor features soaring ceilings and timeless character. The second floor offers a functional layout, a private balcony, and an oversized sunlit west-facing living room. The third floor is warm and inviting, with an open-concept kitchen and abundant natural light. The basement unit impresses as a true 2 bedroom apartment with large above-grade windows and a walkout to the backyard. Serviced by a high-efficiency boiler (2018) and a 400-amp electrical system, each unit has its own 60-amp service, with additional capacity for future expansion. Amazing, spacious backyard and oversized 3-car garage, featuring three skylights and updated garage doors (2018), presents a fantastic opportunity for a laneway suite, with two parking spaces currently rented and one vacant. The units generate substantial rental income with less than average property expenses. Nestled between Roncesvalles and Queen West, this property is steps from vibrant cafes, restaurants, High Park, waterfront trails and major TTC routes, with easy access to Lakeshore Blvd and the Gardiner for seamless commuting. A walker's paradise with unbeatable rental demand, this is a turnkey investment opportunity perfect for generating passive income or accommodating multigenerational living, a very special opportunity in one of the best neighbourhoods in Toronto.
Property Highlights
For Sale
MLS NO.
W12022549
Type
Residential Freehold
Sub Type
Detached
Bedrooms
8
Bathrooms
4
Parking
3.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Detached
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
W12022549
Living Area Range
2500-3000
Total Bedrooms
8
Bedrooms Above Grade
6
Bedrooms Below Grade
2
Total Bathrooms
4
Total Kitchens
4
Kitchens Above Grade
3
Kitchens Below Grade
1
Rooms Above Grade
15
Rooms Below Grade
5
Interior Features
Water Heater Owned
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Asphalt Shingle, Flat
Lot Width
29.0
Parking Total
3.0
Covered Spaces
3.0
Garage Type
Detached
Garage
Yes
Pool
None
Direction Facing
East
Cooling
None
Heat Source
Gas
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
21 Macdonell Avenue, Toronto, ON M6R 2A3
City
Toronto W01
Neighbourhood
Roncesvalles
County / Region
Toronto
Province / State
ON
Postal Code
M6R 2A3
Cross Street
Sorauren & Queen
Directions
https://maps.app.goo.gl/1jf9yDH7i83H6gSS7
Country
CA
List Price
$2,649,000
Annual Taxes
$9,706
Tax Year
2024
Legal Description
PT LT 11-12 PL 752 PARKDALE AS IN CA808821 EXCEPT CA516213; CITY OF TORONTO
Possession Type
Flexible
Possession Details
TBD
Listing Office
SAGE REAL ESTATE LIMITED
Board
Toronto Regional Real Estate Board
Original Entry
2025-03-17T13:13:15Z
Media Updated
2025-04-04T18:03:58Z
Photos Updated
2025-03-25T21:18:51Z
Last Modified
2025-04-07T13:02:46Z
System Modified
2025-10-12T09:06:24.084734Z
MLS Status
Terminated
Architectural Style
3-Storey
Basement
Apartment, Separate Entrance
Co List Office Name
SAGE REAL ESTATE LIMITED
Ddfyn
Yes
Expiration Date
2025-06-17
Foundation Details
Stone
Heat Source Multi
Gas
Heat Type Multi
Radiant
Hstapplication
Included In
Link Yn
No
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
213390355
Parking Spaces
0
Property Features
School, Rec./Commun.Centre, Public Transit, Park, Library
Public Remarks
Prime 4-Unit Income Property, a rare opportunity in the heart of Roncesvalles, this stunning red double-brick classic home offers exceptional rental income for investors or savvy homeowners, with 4 incredible fully equipped, spacious 2-bedroom apartments. Each self-contained unit boasts modern upgraded kitchens with dishwashers, private entrances, and ensuite laundry for ultimate convenience. Thoughtfully designed with spacious layouts, the main floor features soaring ceilings and timeless character. The second floor offers a functional layout, a private balcony, and an oversized sunlit west-facing living room. The third floor is warm and inviting, with an open-concept kitchen and abundant natural light. The basement unit impresses as a true 2 bedroom apartment with large above-grade windows and a walkout to the backyard. Serviced by a high-efficiency boiler (2018) and a 400-amp electrical system, each unit has its own 60-amp service, with additional capacity for future expansion. Amazing, spacious backyard and oversized 3-car garage, featuring three skylights and updated garage doors (2018), presents a fantastic opportunity for a laneway suite, with two parking spaces currently rented and one vacant. The units generate substantial rental income with less than average property expenses. Nestled between Roncesvalles and Queen West, this property is steps from vibrant cafes, restaurants, High Park, waterfront trails and major TTC routes, with easy access to Lakeshore Blvd and the Gardiner for seamless commuting. A walker's paradise with unbeatable rental demand, this is a turnkey investment opportunity perfect for generating passive income or accommodating multigenerational living, a very special opportunity in one of the best neighbourhoods in Toronto.
