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20 CONCORD AVENUE, Toronto (Palmerston-Little Italy) — listed at $1,788,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Prime Little Italy! Large detached duplex on MPAC-perfect investor vehicle or live/rent option. Completely renovated main, 2nd, & 3rd floors feature new flooring, 2 new kitchens, & 2 new washrooms. Spanning multiple levels, the upper unit boasts a new subfloor. Currently generating $5,600/mo ($2,500 main / $3,100 upper) with leases ending Dec. Finish the basement or extend the rear like neighbors for maximum income potential. Steps to College St! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 4 | Third level | 3.05 x 2.79 meters |
| Recreational, Games room | Basement | 7.37 x 4.27 meters |
| Other | Basement | 3.96 x 2.34 meters |
| Living room | Main level | 4.5 x 3.25 meters |
| Dining room | Main level | 3.35 x 2.87 meters |
| Kitchen | Main level | 3.89 x 2.67 meters |
| Bedroom | Main level | 3.94 x 3.23 meters |
| Kitchen | Second level | 3.76 x 2.87 meters |
| Dining room | Second level | 2.9 x 2.26 meters |
| Living room | Second level | 2.9 x 2.62 meters |
| Bedroom 2 | Second level | 3.4 x 2.13 meters |
| Bedroom 3 | Third level | 3.3 x 3.3 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $8,695, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 0 spaces — No Garage.
Could this work as an investment property?+
The basement description mentions: Unfinished, Separate entrance, 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 (Palmerston-Little Italy) before counting on it.
What makes this a luxury property?+
At $1,788,000, standout features include 3 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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