21 Macdonell Avenue
Roncesvalles
Floor Plan
21 Macdonell Avenue
For Sale: $2,649,000
- 6 + 2 Bedrooms
- 4 Bathrooms
Turnkey Multi-Unit Investment Opportunity in Roncesvalles
Exceptional opportunity for investors to acquire a fully renovated, income-generating fourplex in Roncesvalles area, one of Toronto’s most dynamic rental markets. This meticulously maintained double-brick building blends historic charm with modern efficiencies, offering four self-contained 2-bedroom units, all with fully equipped kitchens with dishwashers and en-suite laundry.
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Fully Equipped Units:
Each unit is move-in ready, boasting contemporary finishes and private outdoor spaces:
Third Floor (842.63 sq ft) – 2 bed, 1 bath, small West-facing balcony
Second Floor (954.51 sq ft) – 2 bed, 1 bath, large East-facing deck
Main Floor (1,011.89 sq ft) – 2 bed, 1 bath, walk-out to front porch & backyard
Basement (1,022.22 sq ft) – 2 bed, 1 bath, walk-out to backyard & large storage room
Market Rents & Strong Cash Flow:
Three units currently leased close to current market rent, with one vacant for easy showings or owner-occupancy.
Separate Utilities:
Tenants pay their own hydro; 400-amp service with 60 amps per unit plus 100-amp potential for the garage or a future laneway suite.
Recent Capital Improvements:
Fire Safety Audit (2024), new flat roofs (2023), front porch upgrade (2023), high-efficiency boiler (2018). Laneway accessed 3-car garage with updated skylights & new garage doors (2018).
Possession | Flexible
Property Taxes | $9,706.47 / 2024
Lot Size | 29 x 139 feet
Property Parking | 3 car garage
Two spaces are currently rented to tenants; one remains available.
Potential for 1,722 sq ft. Laneway suite
Mechanics | Compact high efficiency boiler was updated in 2018
Each unit has been recently renovated, and all the units are fully equipped with a washer/dryer and dishwasher.
• 3rd Floor – $2,762
• 2nd Floor – $3,391
• Main Floor – $3,046
• Basement – $2,311 (Previous Lease)
Total Monthly Rental Income: $11,510
• $3,606 – Gas
• $837 – Hydro
• $2,651 – Insurance
• $9,706 – Property Taxes
• $5,115 – Water/Waste/Garbage
Annual Expenses: $21,915
Annual Gross Rental Income: $138,120
Annual Net Rental Income: $116,205
