In the heart of vibrant Leslieville, this extra-wide, character-filled century semi offers an outstanding investment opportunity with immediate income and long-term upside. Currently configured as a legal duplex with three self-contained units, current as-of-right zoning permits 4 units plus a Laneway ADU. Even in its current state this property is generating a 4.4% cap rate at $1.298M. Full financial breakdown available on request. Two units are currently rented to excellent tenants at market rates. The largest unita spacious, two-level, three-bedroom suite with a private balconyis vacant and ready for an end-user, or to generate premium rental income. Each unit features updated kitchens and bathrooms, ensuite laundry and ample storage. The basement is high, dry, and open concept, offering additional potential as a 2 bedroom unit.Architectural details such as veiled brick arches, fish-scale gables, bracket eaves, and stained-glass transoms provide heritage charm that stands out in the rental market. Soaring main floor ceilings and oversized rooms create a strong sense of space and light throughout. The deep lot with laneway access includes a large, solid steel garageideal for storage, rental, or development into a 1,380 square foot laneway suite. A Lanescape report is available to guide next steps.Recent updates include full roof replacement, eaves, downspouts, and gutter guards, reflecting pride of ownership and minimizing some future capital expenditures. The main floor also offers rear access to the kitchen and overall there remains potential for a single-family conversion, if desired.Seller will consider VTB (vendor take back financing) at traditional terms. This is a rare opportunity to acquire a well-maintained, income-generating asset with strong fundamentals and substantial growth potential in one of Torontos most sought-after neighbourhoods. Now at a very aggressive price.
Address
133 Carlaw Avenue
List Price
$1,288,888
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
3-Storey
Area
Toronto E01
Sub-Area
South Riverdale
County
Toronto
Bedrooms
4 + 1
Bathrooms
3
Floor Area
1500 - 2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
119
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
21
Approx. Age
100+ Years
MLS® Number
E12067989
Listing Brokerage
BOSLEY REAL ESTATE LTD.
Basement Area
Apartment, Separate Entrance
Postal Code
M4M 2R8
Parking
Lane
Parking Places (Total)
2
Tax Amount
$5,100.01
Tax Year
2024
Exterior Features
Porch, Deck, Security Gate
Interior Features
Floor Drain
Property Features
Park, Fenced Yard, Library, Public Transit, Place Of Worship, Level
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick Front, Shingle
Direction Faces
East
Fireplace Features
Living Room
Foundation Details
Brick
Garage Type
Detached
Kitchens Total
3
Pool Features
None
Roof
Asphalt Shingle
View Type
Downtown
Sewer
Sewer