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    For Sale - 50 Albany Avenue, Toronto, Ontario

    Est payment $8,403/mo
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    Time on Jump  1 days

    AI Summary *

    • Classic double-brick semi in a prime location near U of T.
    • Spacious duplex with self-contained units across four floors.
    • Upper suite currently tenanted, generating income from day one.
    • Main floor and basement unit delivered vacant for renovation potential.
    • Desirable Annex neighborhood close to transit, shops, and cultural sites.




    Classic double-brick semi in the heart of the annex, steps from u of t, configured as a duplex with two self-contained units across four floors and an impressive 3,400 sq ft above grade. The upper suite (2nd and 3rd floor) is currently tenanted - income in place from day one. It lives like a townhouse: exposed brick living room, renovated kitchen with stainless appliances and classic black-and-white tile, in-suite laundry, and a third-floor loft with angled ceilings and hardwood throughout that draws excellent tenants and keeps them. The main and basement unit is delivered vacant... And that vacancy is part of the value. Move in and let the upper unit carry your costs. Renovate and re-tenant at current market rents. Separate the main floor and basement into two independent units. The options are real and the address makes every one of them work. The suite features 9-ft ceilings, original hardwood, a decorative fireplace, a sun-filled enclosed front porch, finished basement with full bath and in-suite laundry. Pre-listing inspection rated above typical for its class: double-brick masonry, 200-amp copper-grounded electrical, professionally damp-proofed foundation, 10-yr-old hot water boiler with ~10 yrs remaining. Roofs in good repair throughout. Private front parking, a premium at this address! The annex is one of toronto's most enduringly desirable neighbourhoods: tree-lined, walkable, intellectually alive, and stubbornly resistant to going out of style. Less than a 3-minute walk to bathurst station. Steps to u of t, the rom, philosophers' walk, bloor street's independent boutiques, bookshops and restaurants, koreatown, and kensington market. Within the mtsa zone. Vacancy rates here are among the lowest in the city for good reason, people who live in the annex don't leave willingly. One unit earning. One unit waiting for your vision.
    Listing IDC13460808
    Address50 Albany Avenue
    CityToronto, Ontario
    Price$1,750,000
    Bed / Bath11 / 5 Full
    Style2 1/2 Storey, Semi-Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype Semi-Detached Indoor Features Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Storage, Water Heater OwnedAmenities Hospital, Library, Park, Place Of Worship, Public Transit, SchoolOwnership FreeholdBasement Finished with Walk-OutFoundation UnknownHeating / Cooling RadiantHeating Fuel GasSewer Sewer

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    Listing Agency:  RE/MAX WEST REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
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    Place of Worship
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    50 Albany Avenue
    Toronto , Ontario
    11 5 $1,750,000
    Get more info