Opportunity knocks in this spacious 3+3 duplexSend This Listing To A Friend
Experience all the best parts of living in a detached Toronto home without the hefty monthly payment. Each of the three levels consist of just under 1000 square feet of living space, allowing you to easily house tenants while paying off your mortgage. And your accommodations don’t have to suffer either. You can choose to move into the upper apartment while renovating the bottom levels, or live in and mark your stamp on the large 3-bedroom main floor.
Let’s begin outside. The front yard is well manicured, easy to maintain and complete with a spacious 2 car garage at the rear, with plenty of storage options or room for a motorbike too (or why not rent it out if you don’t need it). Enjoy an evening glass of wine from the large second floor balcony, overlooking the quiet, tree-lined street.
Moving into the main level, you have 3 bedrooms, living room and kitchen with parquet flooring. You can easily customize the bedrooms to reflect your needs by creating a home office, or dining room or using it as additional storage. Or how about open up the living and dining room again for more of an open plan layout.
On the second level, you have a 3 bedroom unit that is currently occupied with good tenants who would like to stay. This space features a considerably large primary bedroom, parquet flooring and a spacious living room with walkout to a large balcony for hosting friends for evening drinks.
Lastly, the basement just needs some help to finish off into a potential rental suite if you wish. This space features a separate entrance, wide staircase down from the main floor, 2 bedrooms, and a quaint kitchenette.
Whether you move in and take over the home as-is, continue to rent out the upper level to save money while working on the main level & basement, or take on a bigger renovation project, this home has endless potential.
5 Things We Love
- The income potential – This large house already has a generous 3 bedroom apartment on the second floor, it’s the perfect place to live in while renovating the main floor and basement. Or you can have tenants in situ to continue paying your mortgage.
- The main floor – The additional 3 bedrooms on the main floor provides so much bonus living space to customize to your needs.
- The garage – The large 2 car detached garage is perfect not only for off-street parking but for all your storage needs too.
- The neighbourhood – Enjoy a quiet tree-lined street, 4 min walk to the subway, 15 min walk to Go train and 2 mins to everything Bloordale village has to offer.
- The bonus basement apartment – With its own entrance, kitchenette, bathroom and bedrooms waiting to be finished! The opportunity to earn extra income down here awaits!
About Wallace Emerson
Touted as the “Next West Queen West” Wallace Emerson is a neighbourhood that has evolved–and continues to evolve–from working-class roots to expensive tastes. It’s a formerly low-income neighbourhood with traditionally Portuguese, Italian, and Korean, influences. In recent years it has become home to more avant-garde establishments and an influx of first-time home buyers who have supercharged the demand for real estate in the area by investing in modern upgrades and artistic, eye-catching finishes that make many homes in the Wallace Emerson neighbourhood stand out places for anyone to live.
Streets in the Wallace Emerson area are generally narrower than other areas of the city. The plethora of laneways offer quiet–or busy–passage from one ‘neck of these woods’ to the next – depending on which one you choose. A reflection of the area’s mixed-use landscape, Wallace Emerson combines grit with quiet, arty, glamour. Homes that look traditional on the outside are often filled with sleek new minimalist kitchen renovations, wide hardwood flooring, electric fireplaces and quirky finishes unique to the owner’s individual tastes. Local condos and loft conversions also mix old-with-new and offer a variety of options for people looking for funky alternatives.
The Wallace Emerson Community centre on Dufferin, South of Dupont (slated for redevelopment and expansion), provides an ideal outlet for the neighbourhood. Swimming facilities, gym, and games rooms are available for use year-round. Outside tennis courts and ice rinks are attractions for local families and house leagues. The pride of the community can be seen in its embrace of this centre and the locals who cherish it.
The overall vibe of Wallace Emerson is casual, artistic, culturally-rich, and hip. It is a neighbourhood that excels at the art of variety. Tattoo parlours, daycares, wig shops, greasy spoons, upscale pubs, and local specialty shops coexist in harmony. Busy Bloor street sits comfortably beside quiet parkettes and unassuming residential side streets. Gone are the days when the area was considered a ‘diamond in the rough’, but there are still ‘hidden gems’ to be found within this diverse and unique area of Toronto real estate.