246 Euclid Ave

View Available Listings Nearby

Listing Description

The rarest of birds: a red-bricked fourplex in the heart of Trinity-Bellwoods. A distinct downtown opportunity, offering four updated self-contained apartments in a well-maintained property, with a double garage with separate stalls, and a remarkably deep and lush lot steps from Queen West, Little Italy and the Park. 50% of the property will be vacant on closing; the main and lower one-bedrooms will be vacant soon, while the spacious upper suites, a three-bedroom on the second floor and a two-bedroom on the third, are rented month-to-month and to be assumed. That means cash flow from day one, plus immediate flexibility for live-in owners, co-ownership buyers, or investors seeking to reset rents to current market levels. The property is well maintained and thoughtfully updated: four updated bathrooms, four dishwashers, shared coin laundry, refreshed mechanicals and hydro panels and a fire escape serving all levels in the backyard offering a second egress. The recently renovated lower level features high ceilings, a new kitchen and bath, two separate entrances, and modern above-grade windows. With seven bedrooms across four apartments, ample tenant-friendly character, and a backyard that doubles as a drive-through from the garage, for a potential 3rd parking spot, this address is equal parts investment and lifestyle. Secure, versatile, and future-proof, a downtown cash flow safe haven that will keep on giving. Ask about the laneway home feasibility report. Prompt viewing recommended.
4 fridges, 4 stoves, 4 dishwashers, 1 microwave, 1 coin washer, 1 coin dryer, irrigation system (front and back), security system (monitoring not included, currently used for fire safety), 2 electric garage doors with keypads, 2 hot water tanks (rentals), 1 Weil Mclain Hi Eff Boiler.