A historic detached house in Toronto's High Park district is now on the market for $2,199,900. the property combines a primary owner's suite with three separate rental units to provide both living space and income potential.
The $2.2 million multi-unit play in High Park
The $2,199,900 asking price for this High Park property reflects the intense competition for detached homes in Toronto's west end. According to the listing, the residence sits on a 30ft by 120ft lot and offers between 2,000 and 2,500 square feet of living space. By dividing the structure into a main owner's suite and three additional self-contained units, the property is positioned as a strategic asset for those looking to offset mortgage costs through rental income .
This "house hacking" model is a growing trend in expensive urban markets where single-family ownership is becoming increasingly difficult. instead of a traditional single-family residence, this property functions as a hybrid, allowing a homeowner to reside on the main floor while tenants occupy the second, third, and basement levels.
Stained glass and the detached double garage
Preserving the architectural character of a century-old home is a central feature of this listing. The report notes that the house retains original elements such as stained glass windows, exposed brick, and rich wood trim. These historic details are intended to appeal to buyers who value aesthetic heritage alongside the modern convenience of updated living spaces.
Beyond the main structure, the property includes a landscaped backyard and a detached double garage. As the report states, this garage offers significant versatility, with the potential to be converted into a private studio, a home gym, or a creative retreat. This addition provides an extra layer of utility that is often missing in older, more cramped urban lots.
Proximity to Humberside and Bloor West Village
The property's value is heavily anchored by its location just south of Annette Street . Being within walking distance of High Park and the commercial hubs of Bloor West Village and The Junction makes it a highly desirable location for urban professionals. This connectivity to transit and lifestyle amenities ensures the property remains relevant to a wide range of renters and owners.
For families, the proximity to top-tier educational institutions is a major selling point. The home is located near Humberside Collegiate Institute, Ursula Franklin Academy, and Runnymede Public School, which provides long-term stability for the neighborhood's ressidential demand.
The unverified income from the three rental units
While the property is marketed as a lucrative income-generating opportunity, several key details remain undisclosed. It is currently unknown how much monthly revenue the three self-contained units actually produce, making it difficult for investors to calculate an exact cap rate. Furthermore,the report does not clarify if the current multi-unit configuration is fully compliant with Toronto's municipal zoning bylaws.
Prospective buyers will need to conduct their own due diligence to determine if the property is legally registered as a multi-unit dwelling or if it operates under specific exemptions. Without this information, the "modern flexibility" promised in the listing remains a theoretical benefit rather than a guaranteed financial return.
Comments 0