Description

This is a rare opportunity to acquire a generational investment asset in the heart of High Park-Roncesvalles, one of Toronto's most sought-after and supply-constrained neighbourhoods. This iconic mansion conversion features 13 kitchens and 13 bathrooms, consisting of a stately main residence and a detached coach house. The property has COA approval for a two-storey rear addition, which will create three additional units, with 2 units already in the coach house. The property primarily comprises long-term tenancies, providing reliable in-place income and significant potential for future rent optimization. Notable features include 400-amp electrical service and ample rear parking, a rare amenity in an urban setting. Located steps from Roncesvalles Village, High Park, transit options, Bloor West Village, the GO Train, and the UP Express, this site offers seamless access to downtown Toronto and Pearson Airport. Properties in this tightly held area are seldom available, making this a once-in-a-generation opportunity for investors looking for scale, character, and long-term appreciation. The CMHC Select program might be applicable for the construction of additional units and the purchase of property. The property is sold AS IS, WHERE IS, and is registered as a rooming and boarding house.