5 Beds 5 Bath

115 gladstone Avenue, Toronto, ON M6J 3L1

Toronto C01 M6J 3L1 Ontario

MLS: C12086409

$2,095,000

Added 10 days ago | For Sale

Listed by: GILBERT REALTY INC.

About Property

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.

Features

  • House Style:Detached
  • Bathrooms:5
  • Land Size: 25 X 115
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Gladstone/ N of Queen
  • Basement:Finished , Finished
  • Possession Date:
  • Annual Property taxes: $9177
  • Bedrooms:5
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Radiant
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:C12086409

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