$1,388,000Asking Price
This substantial 2.5-storey detached residence represents a premier acquisition opportunity within the sought-after Corso Italia-Davenport enclave. Defined by its functional versatility, the property features a strategic layout including a separate basement entrance and an expansive third-floor loft, offering an immediate pathway to maximize rental yields. Investors can anticipate a gross potential income exceeding $6000 per month by optimizing the home into three self-contained suites. Beyond its current income-generating capacity, the property is situated on an exceptional 32 x 120-foot lot, providing a significant footprint for a future high-end rebuild or custom architectural expansion. Recently updated with a new roof (2023) and fresh interior paint, this asset combines turnkey stability with long-term development potential, all while being steps from the transit corridors and cultural landmarks of St. Clair West.
This substantial 2.5-storey detached residence represents a premier acquisition opportunity within the sought-after Corso Italia-Davenport enclave. Defined by its functional versatility, the property features a strategic layout including a separate basement entrance and an expansive third-floor loft, offering an immediate pathway to maximize rental yields. Investors can anticipate a gross potential income exceeding $6000 per month by optimizing the home into three self-contained suites. Beyond its current income-generating capacity, the property is situated on an exceptional 32 x 120-foot lot, providing a significant footprint for a future high-end rebuild or custom architectural expansion. Recently updated with a new roof (2023) and fresh interior paint, this asset combines turnkey stability with long-term development potential, all while being steps from the transit corridors and cultural landmarks of St. Clair West.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Ground | 7.22' x 10.14' | Hardwood Floor |
| 2 | Breakfast | Ground | 10.89' x 4.07' | |
| 3 | Office | Ground | 10.20' x 11.25' | Hardwood Floor |
| 1 3-Piece Bathroom | ||||
| 1 2-Piece Bathroom on Ground Floor | ||||
| 1 3-Piece Bathroom | ||||
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Regal Heights, Toronto is a central Toronto neighbourhood notable for its renters, university grads, executives, business, education, law & public sector and arts & culture professionals, salespeople and tradespeople. It has a higher than average population of immigrants from Portugal, and Italian, Spanish and Portuguese speakers. Residents tend to be younger with a significant number of adults aged 25 to 39, 25 to 39, 25 to 39 and 25 to 39 and seniors aged 65 to 69.
Kids Per Family
1.1
kids per family
in the neighbourhood.
49%
of residents are
single and loving it.
49% singles
Toronto (50%)
55%
of residents
are renters.
55% renters
Toronto (47%)
55%
of residents are
university grads.
55% university grads
Toronto (48%)Average Household Income
$145K
is the average household
income in the neighbourhood.
Professions
| Sales | 17% |
| Business | 13% |
| Government | 11% |
| Management | 10% |
| Culture | 9% |
33%
of residents were
born outside of Canada.
33% immigrants
Toronto (48%)6.4% from Portugal
All-time
0.3% from Other South America
Recent
Foreign Languages
| Italian | 6% |
| Portuguese | 6% |
| Spanish | 6% |
| French | 2% |
| Tagalog | 1% |
Religions
| Christian | 60% |
| Jewish | 8% |
| Buddhist | 2% |
| Muslim | 1% |
| Hindu | 1% |
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
0
Homeless shelters in
the neighbourhood.