For Sale
21 Macdonell Avenue
$2,449,000
PRICE
8
BEDROOMS
4
BATHROOMS
3
GARAGE PARKING
3,780
TOTAL SQ FT
Turnkey Multi-Unit Investment Opportunity in Roncesvalles
Exceptional opportunity for investors to acquire a fully renovated, income-generating fourplex in Roncesvalles area, one of Toronto’s most dynamic rental markets. This meticulously maintained double-brick building blends historic charm with modern efficiencies, offering four self-contained 2-bedroom units, all with fully equipped kitchens with dishwashers and en-suite laundry.
Fully Equipped Units:
Each unit is move-in ready, boasting contemporary finishes and private outdoor spaces:
Third Floor (842.63 sq ft) – 2 bed, 1 bath, small West-facing balcony
Second Floor (954.51 sq ft) – 2 bed, 1 bath, large East-facing deck
Main Floor (1,011.89 sq ft) – 2 bed, 1 bath, walk-out to front porch & backyard
Basement (1,022.22 sq ft) – 2 bed, 1 bath, walk-out to backyard & large storage room
Market Rents & Strong Cash Flow:
Three units currently leased close to current market rent, with one vacant for easy showings or owner-occupancy.
Separate Utilities:
Tenants pay their own hydro; 400-amp service with 60 amps per unit plus 100-amp potential for the garage or a future laneway suite.
Recent Capital Improvements:
Fire Safety Audit (2024), new flat roofs (2023), front porch upgrade (2023), high-efficiency boiler (2018). Laneway accessed 3-car garage with updated skylights & new garage doors (2018).
Details
Possession | Flexible
Property Taxes | $9,706.47 / 2024
Lot Size | 29 x 139 feet
Property Parking | 3 car garage
Two spaces are currently rented to tenants; one remains available.
Potential for 1,722 sq ft. Laneway suite
Mechanics | Compact high efficiency boiler was updated in 2018
Each unit has been recently renovated, and all the units are fully equipped with a washer/dryer and dishwasher.
• 3rd Floor – $2,762
• 2nd Floor – $3,391
• Main Floor – $3,046
• Basement – $2,311 (Previous Lease)
Total Monthly Rental Income: $11,510
• $3,606 – Gas
• $837 – Hydro
• $2,651 – Insurance
• $9,706 – Property Taxes
• $5,115 – Water/Waste/Garbage
Annual Expenses: $21,915
Annual Gross Rental Income: $138,120
Annual Net Rental Income: $116,205
Attachments
Photography
Video
Video
Map
Map
About the Neighbourhood
Roncesvalles
Roncesvalles is often fondly referred to as “Roncy.” It is known for its family-friendly and happy ambience, and it has a European feel. From Dundas to Queen along Roncesvalles, there are plenty of trendy cafes, health food stores, produce markets, bakeries and boutique clothing stores.
To learn more, click here!
Contact the Agent
Leif Moore, Broker
Direct | 416.805.5340
Email | [email protected]
Website | www.ArkaRealEstate.com
Josh Randell, Sales Representative
Direct | 647.654.8017
Email | [email protected]
Website | www.ArkaRealEstate.com