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1544 KING STREET W, Toronto (South Parkdale) — listed at $1,649,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Rare turn-of-the-century Victorian fourplex in the heart of Roncesvalles! Exceptional investment opportunity featuring 4 well-maintained units, all with lake and Boulevard Club views. Fully tenanted with strong rental income and excellent tenants. Easy-to-rent location close to transit, waterfront, shops, and amenities. Features hardwood floors throughout, rear laneway access, and parking from the lane. Outstanding future upside with potential for a laneway/accessory building, subject to City approvals. A unique opportunity to own a character-filled income property in one of Toronto's most desirable neighbourhoods. (id:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,322, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What makes this a luxury property?+
At $1,649,000, standout features include 4 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, Walk out, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, Walk out, 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 (South Parkdale) before counting on it.
What's the parking situation?+
This property includes 2 spaces — No Garage.
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