Exceptional investment and income-generating opportunity in the heart of Corktown. Ideally situated with just a five-minute walk to both Queen Street East and King Street East. This property offers outstanding access to public transit, downtown Toronto, and a vibrant mix of restaurants, shops, and amenities. Meticulously maintained over the years by the live-in owner, this legal duplex showcases pride of ownership throughout. The home features two spacious 1.5-storey units, each offering a 1+1 bedroom layout. The main floor unit boasts generous principal rooms with high ceilings, large windows, and an abundance of natural light. The second/third-floor unit mirrors this thoughtful layout and design, and is currently tenanted, providing immediate rental income. Originally built in 1890, this charming Victorian residence blends timeless character with tasteful updates and modern renovations. The open-concept living spaces, impressive ceiling heights, and expansive windows create bright and inviting interiors that appeal to both tenants and end users alike. The lower level includes a fully finished two-bedroom apartment or in-law suite with a separate entrance, further enhancing income potential and flexibility. Estimated gross annual income ranges between $100,000 and $110,000, making this a compelling addition to any investment portfolio. Property features three designated parking spaces - a rare and valuable asset in this central location. Exterior features include a large ground-level deck for the main unit, and a spacious rooftop deck exclusively for the upper unit, both offering exceptional outdoor living space. This is a rare opportunity to acquire a well-maintained, income-producing property in one of Toronto's most desirable and historically rich neighbourhoods. (id:47421)
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Detailed Information
Bedrooms
4+2
Bathrooms
5
Lot
22.58 x 164.33 ft
Equipment
Water Heater
Listing Contract Date
2026-02-16
Location Description
Cross Streets: Queen Street East/River Street. ** Directions: North of Queen Street East on River Street.
# of Parking Spaces
3
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Building
Basement Features
Apartment in basement, Separate entrance
Basement Type
N/A, N/A
Cooling Type
Central air conditioning
Exterior Finish
Brick
Flooring Type
Laminate, Hardwood, Carpeted
Foundation Type
Concrete
# of Half Bathrooms
1
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
Duplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Lower level
3.51 m x 2.72 m
Bedroom
Lower level
4.72 m x 2.84 m
Kitchen
Lower level
3.78 m x 3.45 m
Living room
Lower level
4.85 m x 2.64 m
Living room
Main level
7.95 m x 3.49 m
Kitchen
Main level
5.31 m x 5.16 m
Bedroom
Main level
4.75 m x 3.68 m
Primary Bedroom
Main level
4.78 m x 3.25 m
Living room
Upper Level
9.27 m x 5.31 m
Kitchen
Upper Level
2.68 m x 2.67 m
Bedroom
Upper Level
5.05 m x 3.38 m
Bedroom
Upper Level
5 m x 4.67 m
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
22.6 x 164.4 FT
Sewer
Sanitary sewer
Size of Irregular Land
22.6 x 164.4 FT
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