29 Elm Grove Ave

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Listing Description

Deals Like This Don't Knock Twice. South Parkdale's Best Investment Opportunity! Whether you're an investor chasing strong cash flow or an end user looking to live in and earn, this is the deal you've been waiting for. Fully turnkey and substantially upgraded, this stunning Victorian triplex (circa 1885) sits on one of South Parkdales most sought-after streets. With three self-contained units, each offering private ensuite laundry, this property is the definition of smart income potential in one of Torontos fastest-rising neighbourhoods. Opportunities like this dont come around often act fast. The main floor boasts a charming 600 sq ft one-bedroom unit with soaring ceilings and a walk out to a lovely urban garden. Ascend to the second and third floors to discover a spacious two-bedroom 1240 sq ft unit, thoughtfully designed over two levels, offering ample space and expansive ceilings for comfortable living. Additionally, the fully gutted to the studs 700 sq ft basement apartment features radiant heated floors, ensuring warmth and comfort year-round. The above-grade units are flooded with natural light, showcasing impressive soaring ceilings and over 2,000 sq. ft. of luxurious living space. Significant investment was made in 2022 to enhance the property's value and functionality, including new electrical systems, upgraded plumbing, a modern heating system, new Pella windows, and fully re-modelled kitchens and bathrooms in both the basement and second-floor units. This triplex not only offers a unique opportunity for investors or multi-generational families but also embodies character, elegance, and modern living; all in a vibrant community. Don't miss your chance to own a piece of South Parkdale's rich history with all the modern conveniences you desire and a earn a 6%+ cap rate to boot!
Stacked LG washer dryer main, GE range with 4 gas burner main, Ancona hood vent, Inglis fridge/freezer, GE dishwasher, Stacked Samsung Washer/Dryer (2022), S/S Frigidaire Fridge/Freezer, Amana S/S Dishwasher (2024), S/S Maytag range oven, Nutone vent hood (2021), GE Stacked washer/dryer (2023) GE Range oven (2023), Ancona S//S Hood, Frigidaire S/S Fridge (2023), Frigidaire S/S Dishwasher (2023), 3 x Mitsubishi wall mounted dual heat and air conditioners (2022), 2nd floor light fixtures, Mirrors, light fixtures, window coverings, ceiling fans and the backyard shed.