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18 SHORNCLIFFE AVENUE, Toronto (Casa Loma) — listed at $3,750,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Legal five-unit residence in Forest Hill South, on a quiet corner at Spadina Road and steps to Forest Hill Village. Fully tenanted and generating strong in-place income across five self-contained, separately metered suites. Approximately 4,800 square feet above grade across three storeys and a finished at-grade lower level, arranged as a two-bedroom main-floor suite with walk-out to a private landscaped garden, a one-bedroom lower suite with separate entrance, and three upper apartments. Several suites have been recently renovated with new flooring, lighting, fixtures and stainless appliances.The significant capital work is already complete: comprehensive rewiring, copper plumbing upgrades and replacement windows between 2013 and 2015, together with a gas-fired boiler and air conditioning installed in 2014. Five hydro meters allow tenant-paid electricity. Separate laundry serves the main and lower suites; the upper apartments share coin-operated laundry. Three parking spaces including an attached garage. A rare income holding in one of Toronto's most established residential pockets, minutes to top-ranked schools, parks, transit, and the shops and restaurants of Forest Hill Village. Some images may be virtually staged. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.5 x 4.81 meters |
| Foyer | Main level | 1.8 x 7.43 meters |
| Dining room | Main level | 3.4 x 4.69 meters |
| Kitchen | Main level | 3.4 x 5.18 meters |
| Primary Bedroom | Main level | 3.38 x 4.26 meters |
| Bedroom 2 | Main level | 3.99 x 3.04 meters |
| Bathroom | Main level | 2.8 x 2.34 meters |
| Laundry room | Lower level | 2.31 x 2.13 meters |
What's the parking situation?+
This property includes 3 spaces — Attached Garage, Garage.
How is the home heated? Is it efficient?+
Heating is radiant heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
Yes — wall unit cooling is in place.
What makes this a luxury property?+
At $3,750,000, standout features include 6 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $9,100.31, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Finished, Full, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Casa Loma) before counting on it.
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