50 Grove Avenue
Trinity-Bellwoods
Toronto
M6J 3B6
$1,600,000
Residential Freehold
beds: 6
baths: 4.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- C12152177
- Bedrooms:
- 6
- Bathrooms:
- 4
- Photos (40)
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Talk about pride of ownership, this one scores high across all categories. First, you'll fall in love with the gorgeous victorian townhouse curb appeal. Next, it makes great money sense, as you're pulling in approximately $90,000 in NET income and a 5.5% Cap Rate. Tenant quality is also fantastic as it's a true downtown 4plex with all units above ground, attracting professional applicants. Detached garage parking off the laneway clears the path for your potential LANEWAY HOUSE with incredible rental income potential and upgrading to a 5-Plex. Finally, Trinity Bellwoods is arguably Toronto's most vibrant neighbourhood, so you've definitely taken care of location, location, location. I would say overall, the property condition is good and there have been plenty of renovations, including a full renovation of third floor unit and front unit on the second floor, kitchens, bathroom, flooring, paint, etc. Some updates on the second floor rear unit. The main floor tenant has been there a while, so not much there. The basement could use finishing to maximize rental potential. The electrical is copper, but updating to a 200 amp system is worth it, furnace, roof and A/C are mid life and the garage is original construction. Recent 2025 improvements to the common areas including new front porch. You can find the full list pf features and improvements attached. This property is also great to move in rent out the remaining apartments. After a minimum downpayment you could move yourself into a large two bedroom, main floor unit with a massive backyard and garage parking. After paying your mortgage, property tax and utilities and subtracting for your rental income from the other three units, you could be living, all in, for far less than market rent. This property has mass appeal in Seller markets, so take this opportunity to reward yourself with a savvy investment decision. It's not worth waiting anymore as this one checks all of the boxes.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Att/Row/Townhouse
- Home Style:
- 3-Storey
- Approx. Age:
- 100+
- Total Approx Floor Area:
- 2500-3000
- Depth:
- 144'9"44.1 m
- Frontage:
- 19'5.79 m
- Direction Faces:
- West
- Bedrooms:
- 6
- Bathrooms:
- 4.0
- Water supply:
- Municipal
- Kitchens:
- 4
- Bedrooms Above Grade:
- 6
- Kitchens Above Grade:
- 4
- Rooms Above Grade:
- 14
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Brick
- Roof:
- Asphalt Shingle, Flat
- Basement:
- Unfinished
- Fireplace/Stove:
- No
- Garage:
- Detached
- Garage Spaces:
- 2.0
- Parking Spaces:
- 0
- Total Parking Spaces:
- 2.0
- Family Room:
- No
- Possession Details:
- flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Assessment Year:
- 2024
- Taxes:
- $8,182.9 / 2024
- Assessment:
- $- / 2024
- Toronto C01
- Trinity-Bellwoods
- Toronto
- Park, Place Of Worship, Public Transit, School, Rec./Commun.Centre, Hospital
- Auto Garage Door Remote
- 2 Hot water tank rentals
- 4 fridges, 4 gas stoves, 3 dishwashers, 3 washers, 3 dryers, all electrical light fixtures, window coverings not belonging to the tenants, gas furnace and equipment and air conditioner.
- Window coverings or any other chattels belonging to the tenants.
- Brick Front
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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Front unit on 2nd Floor
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Rear Unit on Second Floor
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3rd Floor 2 bedroom
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Main Floor 2 Bedroom
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Laneway House Potential
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Listed by ROYAL LEPAGE ESTATE REALTY
Data was last updated July 16, 2025 at 04:15 AM (UTC)
Area Statistics
- Listings on market:
- 13
- Avg list price:
- $1,600,000
- Min list price:
- $1,100,000
- Max list price:
- $3,999,900
- Avg days on market:
- 29
- Min days on market:
- 1
- Max days on market:
- 125
These statistics are generated based on the current listing's property type
and located in
Trinity-Bellwoods. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Markian Silecky
- REMAX PROFESSIONALS INC.
- 647-282-7653
- markian@sileckythompson.com
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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