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Home ON Greater Toronto Area Toronto Old Toronto Little Portugal
115 GLADSTONE AVENUE
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115 GLADSTONE AVENUE $2,095,000
$2,095,000
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115 GLADSTONE AVENUE
Toronto (Little Portugal), Ontario M6J3L1

MLS® Number: C12086409
5
Bedrooms
5
Bathrooms
2500 - 3000
Square Feet

Listing Description

Rare opportunity to own a fully legal 5-unit income property in one of Torontos most sought-after rental neighbourhoods. Four of five units have been renovated, offering strong in-place income with significant upside as units turn over to market rents. High cap rate in a high-growth area perfect for the savvy investor. Recent upgrades include roof shingles (2021), new sump pump (2024), and boiler pump (2025). Excellent tenant profile and minimal vacancy.Laneway access at the rear presents potential for a laneway suite (buyer to verify), adding future income potential. Steps to Queen West, transit, and all urban amenities. This is a rare, turnkey asset with stability, upside, and long-term value. (40262223)

Location Description

Gladstone/ N of Queen

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
2500 - 3000 sqft
Community Name
Little Portugal
Title
Freehold
Land Size
25 x 115 FT
Annual Property Taxes
$9,177
Parking Type
No Garage
Time on REALTOR.ca
11 days

Building

Bedrooms
Above Grade
5
Bathrooms
Total
5
Interior Features
Basement Type
N/A (Finished)
Building Features
Foundation Type
Unknown
Style
Detached
Heating & Cooling
Heating Type
Radiant heat (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
No Garage
Total Parking Spaces
2

Measurements

Square Footage
2500 - 3000 sqft

Land

Lot Features
Frontage
25 ft
Land Depth
115 ft
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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