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124 CLOSE AVENUE, Toronto (South Parkdale) — listed at $1,150,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Not your typical income property-this solid home offers beautiful character, established rental income and exciting possibilities. Whether you're an investor looking for rental income, a multi-generational family or a buyer dreaming of making a character-filled Toronto home your own, 124 Close Avenue offers the charm, generous square footage and versatility to suit a variety of visions.This spacious and beautifully preserved three-storey semi sits on a quiet, one-way street in the heart of South Parkdale, offering approximately 2,500 sq. ft. of living space, beautiful architectural details and a location that's hard to beat. Currently configured with two separate living spaces, including a main-floor bachelor suite and a spacious four-bedroom residence spanning three levels, the property generates excellent income.Think soaring ceilings, original fireplaces, gracious wide hallways and the kind of timeless character you just don't find in newer homes. With approximately $150,000 invested in renovations and improvements, the home's original charm has been thoughtfully preserved while bringing it into the present.And then there's the neighbourhood. Walk to Liberty Village, Roncesvalles, Queen West, grocery stores, coffee shops, great restaurants and some of the city's best local spots. The King and Queen streetcar lines are just steps away, while the waterfront, parks, scenic bike trails and access to the Gardiner Expressway are all just minutes from your doorstep.It's the kind of location that makes everyday living easy, with an appeal that works just as well for homeowners as it does for tenants. A home full of character, established income and possibilities for whatever comes next. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 4.04 x 3.66 meters |
| Living room | Main level | 4.34 x 3.96 meters |
| Kitchen | Main level | 4.27 x 2.08 meters |
| Dining room | Main level | 2.9 x 2.64 meters |
| Bedroom | Second level | 5.13 x 3.28 meters |
| Bedroom | Second level | 4.06 x 3 meters |
| Kitchen | Second level | 4.29 x 3 meters |
| Bedroom | Third level | 3.56 x 2.87 meters |
| Primary Bedroom | Third level | 5.11 x 3.28 meters |
How many fireplaces are there, and what type?+
This home has 2 fireplaces. Confirm the fuel type (wood, gas, or electric) and have it inspected — especially wood-burning, which needs a WETT certification for insurance.
What's the parking situation?+
This property includes 0 spaces — No Garage.
How is the space laid out across floors?+
This is a 3-storey multi-family. The 5 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
How is the home heated? Is it efficient?+
Heating is natural gas, other. Gas heating is generally the most cost-efficient option in Ontario winters.
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 are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,010, heating is natural gas, other. Always verify the latest figures with your agent before making an offer — these change yearly.
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