Legal triplex with 2018 rebuild on Roncesvalles

Property details for 82 Parkway Avenue, Toronto

Type: Residential
Bedrooms: 6
Bathrooms: 4
Lot Size: 25 x 100 FT
Stories: 2.5
Basement: Apartment in basement, Separate entrance, N/A, N/A
Parking: Detached Garage, Garage, Covered
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $9,728

Fully leased legal triplex shows like a brand new build. The whole interior was gutted and rebuilt under permit in 2018, and it shows. Upper has its own 3-bed, 2.5-bath layout with an east-facing balcony. Main floor is a 2-bed with a private yard, and the basement has a 1-bed with its own patio. Each suite has separate HVAC, so tenants handle their own utilities. Even the water heaters are rental and tenant-paid. You're looking at 5 beds, 4 baths total across the three units. Kitchens have stainless appliances, stone counters, tile backsplashes, and all the floors are engineered wood up top, carpet in the basement. Tenants pay for everything except property tax and insurance, so operating costs are low. The place is fully leased right now and managed by the same crew that handled the renovation. Location is solid: a 5-minute walk to Revue Cinema, under 10 to the school and Hugh's Room. The 25x100 lot isn't huge, but there's a detached garage, and the zoning allows a laneway suite if you want to add another income stream. Asking $2.6M, with taxes just under $10K a year. Given the rents and the quality of the build, this is about as hassle-free as an investment property gets.

About 82 Parkway Avenue, Toronto — Property Score

Strong Investment

Score: 59/100

Value

Priced 40.6% above area median of $1,849,000 based on 858 comparable properties nearby 9

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - typical for similarly priced homes 60

4 bathrooms - typical for similarly priced properties 60

2,500 sqft lot - a compact lot for the area 55

Location

$78K median household income - near the Canadian average of $70K 69

83% of residents hold postsecondary credentials - a highly educated neighbourhood 90

51% homeownership rate - a balanced mix of owners and renters 66

39% of residents commute under 30 minutes - longer average commute times 61

7,865/km² population density - an urban neighbourhood 65

Market

Just listed - area average is 58 days on market 100

-99.1% median price change over 1 month - declining prices in the area 1

37.5 months of housing supply - 2961 active listings with 79 sold last month (buyer's market) 40

Features

1-car garage - area average is 4.2 spots 60

Apartment in basement, Separate entrance, N/A, N/A basement - potential for additional finished space 70

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.37% effective tax rate ($9,727/yr) - very low tax burden 89

49% renter population - moderate rental market 88

Quality

Condition

Listing

36 photos provided - consistent with area listings 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.