$1,950,000
About this Triplex
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).
Listed by REAL ESTATE HOMEWARD.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Brampton Real Estate Board, Durham Region Association of REALTORS®, Mississauga Real Estate Board, The Oakville, Milton and District Real Estate Board and the Toronto Real Estate Board which assumes no responsibility for its accuracy.
Features
- MLS®: C12481572
- Type: Triplex
- Building: 109 Gloucester Street, Toronto
- Bedrooms: 5
- Bathrooms: 4
- Square Feet: 3,000 sqft
- Lot Size: 2,945 sqft
- Frontage: 23.75 ft
- Depth: 124.00 ft
- Taxes: $9,916 (2025)
- Parking: 1 Parking(s)
- View: Downtown
- Basement: Separate Entrance, Partially Finished
- Style: 2 1/2 Storey
