A detached century home in Toronto's High Park is being offered as a versatile multi-unit investment. Listed at $2,199,900,the property at 9 Fairview Avenue features a primary residence alongside two separate rental apartments.
The High Park shift toward multi-unit density
Toronto's real estate landscape is increasingly defined by a search for versatility. As interest rates and property values remain high, traditional single-family dwellings are being re-evaluated for their ability to generate passive income. The lisitng at 9 Fairview Avenue reflects this broader trend in established neighborhoods like High Park, where buyers are no longer just looking for a place to live, but for a way to offset the costs of ownership through "house hacking" or multi-unit configurations. This strategy is becoming a necessity for those navigating the competitive real estate market in Toronto.
Three units and a $2.2 million price tag
The property at 9 Fairview Avenue is currently listed at $2,199,900, offering a substantial footprint on a 30-ft by 120-ft lot. According to the report, the home spans between 2,000 and 2,500 square feet and has been strategically partitioned into three self-contained living spaces. This setup includes an updated owner-occupied suite on the main floor, while the second and third floors serve as separate apartments. This layout is designed to appeal to both families needing extra space and investors looking to capitalize on Toronto's rental demand.
Stained glass, exposed brick, and a converted garage studio
Preserving the character of a century home is a delicate balance, but the 9 Fairview Avenue property attempts to marry heritage with modern utility. The interior features classic elements such as stained glass windows, warm wood trim, and exposed brick. Outside, the property offers a landscaped backyard with a garden wall fountain and a detached double garage. Notably, the report mentions that one bay of this garage has been converted into a flexible studio space, which could function as a creative workspace, a fitness area, or a private retreat.
The missing math on rental yields at 9 Fairview Avenue
Despite the attractive presentation, several critical pieces of information are absent from the current listing. While the property is marketed as an income-generating opportunity, the report does not disclose the current monthly rental rates for the upper-floor apartments. Without these figures, prospective buyers cannot accurately calculate the potential return on investment or the property's cap rate. Additionally, it remains unverified whehter the three-unit configuration is fully compliant with municipal zoning laws or if the garage studio is a legally recognized living space.
Proximity to Humberside and Bloor West Village
Location remains a primary driver for value in the High Park area.. The 9 Fairview Avenue property is situated within walking distance of major transit links and the amenities of Bloor West Village and The Junction. For families,the proximity to institutions like Humberside Collegiate Institute, Ursula Franklin Academy, and Runnymede Public School adds a layer of long-term stability to the investment. This makes the property a strong candidate for long-term capital appreciation.
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