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166 CALEDONIA ROAD, Toronto (Corso Italia-Davenport) — listed at $1,088,888. Earn buyer cashback at closing. No catches, just more money in your pocket.
5 units! Incredible opportunity to own a multiplex, steps from St Clair featuring Two 2-bedroom units and Three bachelor units. Live rent free in one unit and rent out the rest or add 5 doors to your portfolio and have a cash flowing rental property. Four units empty on completion, Upstairs two bedroom unit currently rented at $2,100 per month with parking at a premium in this location. Enjoy your private, clean and spacious garage at the rear, with even more rental potential, total rental potential in current condition is $8500 or renovate to increase. Don't miss your chance to see this one before it's gone. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.32 x 3.46 meters |
| Living room | Basement | 3.03 x 4.54 meters |
| Kitchen | Basement | 1.8 x 3.3 meters |
| Bedroom | Basement | 3.21 x 2.68 meters |
| Kitchen | Basement | 4.2 x 2.21 meters |
| Living room | Basement | 3.68 x 3.41 meters |
| Kitchen | Main level | 4.75 x 4.37 meters |
| Primary Bedroom | Main level | 3.91 x 3.7 meters |
| Bedroom 2 | Main level | 3.13 x 2.61 meters |
| Living room | Second level | 4.9 x 3.23 meters |
| Kitchen | Second level | 3.23 x 2.75 meters |
| Bedroom | Second level | 3.16 x 3.97 meters |
| Bedroom 2 | Second level | 3.03 x 3.05 meters |
| Living room | Second level | 3.61 x 3.41 meters |
| Kitchen | Second level | 2.33 x 2.83 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,102, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 7 bedrooms and 5 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 166 CALEDONIA ROAD a good fit for a growing family?+
With 7 bedrooms and 5 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
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 $1,088,888, standout features include 5 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, 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 (Corso Italia-Davenport) before counting on it.
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