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Rare opportunity to acquire a Legal Tri-Plex in the heart of Downtown, with potential to easily convert to a 4 PLEX. Numerous large-scale developments in the area. Huge upside potential as there is a high-probability for this property to be included in a land-assembly for future area development (various options currently being discussed). Property needs work and offered in an As-Is condition, however can be renovated into 3-4 beautiful rental units commanding $120k-$150k/year revenue. Many original character features include exposed brick throughout, soaring-high 10ft ceilings on the Main & Second Floors and 9Ft ceilings on Third floor, crown-moulding & trim work, original front door, etc. Front pad parking has been in continuous use for over 60 years (contact Listing agent for info on parking).
Water boiler, ELF's, Window coverings, 3RD FLR: 30" Amana fridge, 30" Whirlpool electric range. 2ND FLR: 30" Kitchen Aid gas range, 24" Frigidaire counter depth fridge (3 yrs old), 18" Beaumaris dishwasher, 24" GE clothes washer, 24" GE electric clothes dryer. MAIN FLR: 30" Fisher & Paykel fridge, 30" Samsung gas range, 24" Fisher & Paykel twin drawer dishwasher. BSMT: 30" Whirlpool Fridge, 24" GE electric range, 29" Whirlpool washing machine (never used), 29" Whirlpool gas dryer (never used). 3 X portable A/C units. Heating system and most appliances in work condition, however ALL OFFERED AS-IS.
City: Toronto
Neighborhood: Church-Yonge Corridor

| Purchase Price | $1950000 |
| Down Payment | $390000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1560000 |
| Mortgage Payment | $9613 |
| Property Taxes | $826 |
| Maintenance Fees | $0 |
| Monthly Payment | $10439 |
Located at 109 Gloucester St , this Toronto house is available for sale. This property was listed for $1,950,000 on Fri Oct 24 2025. This house's size is 3000-3500 Sqft. It has 5 bedrooms and 4 bathrooms. The property includes the following rooms: Living, Dining, Kitchen, Br, Den, Living, Kitchen, Br, Br, Br, Br, Living, Kitchen, Br, Furnace, Utility. This property comes with 1 parking spots. 109 Gloucester St, Toronto is situated in the Church-Yonge Corridor neighbourhood.
MLS#: C12481572 · $1,950,000 · 5 bedroom house in Church-Yonge Corridor, Toronto