Prime Junction Multi-Unit Investment Opportunity. An exceptional income-generating property in Toronto's high-demand Junction neighbourhood, offering three self-contained, fully tenanted, residential units in a fully detached two-storey building. Positioned in one of the west end's most consistently rentable corridors, this asset provides immediate rental income with strong long-term appreciation potential. Excellent existing tenants who share pride in caring for the property. The property offers over 2,000 sq. ft. above grade, plus an unfinished basement with approximately 6-ft ceilings-ideal for storage or future functional space. Each unit is configured with its own kitchen and bathroom, allowing for clear tenant separation and flexible leasing strategies, including multi-tenant rental or owner-occupied/live-and-rent scenarios. A detached two-car garage plus mutual drive parking provides a total of four parking spaces, a rare feature in this pocket of Toronto and a major advantage for both tenant demand and potential additional rental income. Strategically located near Annette Street and Keele Street, the property sits in the heart of the Junction-one of Toronto's most desirable west-end communities. The area benefits from strong walkability, excellent transit access, proximity to High Park and Bloor West Village, and a vibrant mix of restaurants, cafés, and retail. Nearby parks, schools, recreation centres, and libraries further strengthen its appeal for long-term tenants. For investors, this property offers stable multi-unit income, parking revenue potential, and location-driven appreciation in a neighbourhood that continues to outperform. Opportunities to acquire detached multi-unit assets with parking in the Junction are increasingly rare, making this a compelling addition to any investment portfolio.
Address
340 Pacific Avenue
List Price
$1,949,000
MLS® Status
New
Expiration Date
2026-07-01
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto W02
Sub-Area
Junction Area
Region
Toronto
Bedrooms (Total)
3
Rooms (Total)
2
Bathrooms
3
Lot Depth
119.67
Lot Type
Lot
Lot Size Units
Feet
Lot Width
24.67
Parcel Number
213600074
Total Building Area
2326.75
Occupant Type
Tenant
Cross Street
Annette And Keele
MLS® Number
W12899398
Listing Brokerage
Signature Elite Realty Ltd.
Basement
Yes
Postal Code
M6P 2R1
Posession Details
30-60 Days/FLEX
Parking Spaces
4
Tax Amount
$8,038.57
Tax Year
2025
Site Influences
Public Transit, Recreation/Community Centre
Community Features
Public Transit, Recreation/Community Centre
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Source
Gas
Heat Type
Radiant
Cooling
Yes
Cooling Features
Yes
Garage Type
Double Detached
Kitchens Total
3
Tax Legal Description
PT LT 15-16 BLK 23 PL 553 WEST TORONTO JUNCTION AS IN CA480102; T/W & S/T CA480102; CITY OF TORONTO
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