5 Bathroom
3,598 ft2
Fully Air Conditioned
Radiant Heat, Other, Coil Fan, Forced Air
$1,950,000
Two fully independent homes for the price of one - a rare, high-efficiency acquisition delivering immediate income, operational flexibility, and replacement costs that would be difficult to match through new construction - in the heart of Danforth Mosaic. This unique property pairs an updated 1910 main house (3+2 bedrooms) with a fully detached 2022-built 3-bedroom laneway residence, creating multiple revenue streams on a single lot with clear tenant separation. Each home has its own hydro, private outdoor space, and distinct access, ideal for long- or short-term rental, co-ownership, or an owner-operator seeking close oversight while offsetting carrying costs. The laneway home has demonstrated strong performance on limited short-term leases, while the main house offers substantial value-add potential under Toronto's revised zoning permitting a 4-plex; plans are included to convert the main house into two self-contained units with a new basement entrance (see Investor Prospectus). The main residence spans three character-rich levels with high ceilings, hardwood floors, gas fireplace, eat-in kitchen with stainless appliances and gas range, mudroom, powder room, and walkout to a landscaped garden with large shed. Upper levels include three bedrooms, a bay-window primary with rooftop deck and rear sunroom, and a finished lower level with rec room, den, bedroom, laundry, and suite potential. Beyond the garden, the laneway home offers three bedrooms, radiant in-floor heating, open-concept living, smart-home features, a private tree-canopied yard, and double-width gated parking for two (plus a discreet connecting "Narnia" door). Steps to Woodbine subway, East Lynn Park, strong schools, and Danforth retail, this is a scarce opportunity to secure a scalable, high-performing urban asset with income today and long-term upside. (id:62104)
Business
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Business Type
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Residential |
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Business Sub Type
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Apartments |
Property Details
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MLS® Number
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E12879280 |
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Property Type
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Multi-family |
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Community Name
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Woodbine Corridor |
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Amenities Near By
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Recreation |
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Features
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Irregular Lot Size |
Building
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Bathroom Total
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5 |
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Age
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0 To 5 Years |
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Cooling Type
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Fully Air Conditioned |
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Heating Fuel
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Natural Gas |
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Heating Type
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Radiant Heat, Other, Coil Fan, Forced Air |
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Size Exterior
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3598 Sqft |
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Size Interior
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3,598 Ft2 |
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Type
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Multi-family |
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Utility Water
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Municipal Water |
Land
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Acreage
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No |
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Land Amenities
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Recreation |
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Size Depth
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100 Ft |
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Size Frontage
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17 Ft ,9 In |
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Size Irregular
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Bldg=17.75 X 100 Ft ; See Schedule D, L-shaped |
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Size Total Text
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Bldg=17.75 X 100 Ft ; See Schedule D, L-shaped |
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Zoning Description
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R(d0.6*736) |
https://www.realtor.ca/real-estate/29466746/108-moberly-avenue-toronto-woodbine-corridor-woodbine-corridor