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).
Address
109 Gloucester Street
List Price
$1,950,000
MLS® Status
New
Expiration Date
2025-12-24
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Toronto C08
Sub-Area
Church-Yonge Corridor
Region
Toronto
Bedrooms
5 + 1
Bedrooms (Total)
6
Rooms Above Grade
13
Rooms Below Grade
2
Bathrooms
4
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
124
Lot Size Units
Feet
Lot Width
23.75
Parcel Number
211060215
Occupant Type
Owner
Cross Street
Jarvis & Bloor
MLS® Number
C12481572
Listing Brokerage
REAL ESTATE HOMEWARD
Basement Area
Separate Entrance, Partially Finished
Postal Code
M4Y 1M2
Posession Details
30 days / TBA
Parking Places (Total)
1
Parking Spaces
1
Tax Amount
$9,916.00
Tax Year
2025
Interior Features
In-Law Suite
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Heritage
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Radiant
Cooling Features
Other, Wall Unit(s)
Construction Materials
Brick
Direction Faces
South
Fireplace
Yes
Fireplace Features
Natural Gas, Wood
Foundation Details
Stone, Block
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Slate, Asphalt Shingle, Asphalt Rolled
Tax Legal Description
PT LT 9 PL 570 TORONTO AS IN CT515458; CITY OF TORONTO
View Type
Downtown
Waterfront
No
Sewer
Sewer
