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Rare opportunity to own a fully legal 5-unit income property in one of Torontos most sought-after rental neighbourhoods. Four of five units have been renovated, offering strong in-place income with significant upside as units turn over to market rents. High cap rate in a high-growth area perfect for the savvy investor. Recent upgrades include roof shingles (2021), new sump pump (2024), and boiler pump (2025). Excellent tenant profile and minimal vacancy.Laneway access at the rear presents potential for a laneway suite (buyer to verify), adding future income potential. Steps to Queen West, transit, and all urban amenities. This is a rare, turnkey asset with stability, upside, and long-term value.
City: Toronto
Neighborhood: Little Portugal
Purchase Price | $2095000 |
Down Payment | $419000 |
Mortgage Insurance | $0 |
Total Mortgage | $1676000 |
Mortgage Payment | $10328 |
Property Taxes | $765 |
Maintenance Fees | $0 |
Monthly Payment | $11093 |
Sold Comparables homes near 115 Gladstone Ave, Toronto
Located at 115 Gladstone Ave , this Toronto house is available for sale. This property was listed for $2,095,000 on Wed Apr 16 2025. This house's size is 2500-3000 Sqft. It has 5 bedrooms and 5 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 3 parking spots. 115 Gladstone Ave, Toronto is situated in the Little Portugal neighbourhood.
MLS#: C12086409 · $2,095,000 · 5 bedroom house in Little Portugal, Toronto