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40 Tyrrel Ave.

Central Toronto - Wychwood

Property Details

Status: Sold

Asking Price: $1,949,000

Sold Price: $2,150,000

Type: Detached

Style: 3 Storey

Lot Size: 30.25 x 120.75 ft.

Taxes: $8310.16 (2019)

Driveway: Mutual

Garage Type: Detached

Total Parking Spaces: 3

Bedrooms: 4 + 1

Bathrooms: 4

Kitchens: 3

Basement: Apt./Sep. Entrance

Fireplace: Yes

MLS #: C4695560


Looking for real estate that makes financial sense?  Find it right here — in this multi family dwelling, in the Hillcrest School area, that presents three stylish, high quality suites that can accommodate an owner/occupier – PLUS ground floor tenants and basement tenants too.  All three units with separate laundry facilities.

The upper two-bedroom unit is the very envy of owner suites, maximizing the second & third floors and featuring: a gorgeous open plan; U-shaped functional kitchen with exotic granite counter, sun filled living and dining rooms, gas fireplace, pretty bay windows and back deck overlooking the treetops and garden!   A custom en-suite bath with large oversized glass shower completes the master bedroom.

The main floor two-bedroom suite is a mix of modern and classic charm featuring almost 9ft soaring ceilings, a cozy fireplace, stainless steel appliances and great storage.

Each unit has 2 separate entrances and individual climate control.  There is large & lovely front porch and entry with foyer.  Parking for 2 cars on-site PLUS treed backyard garden, patio and garage.

NB: Main floor and second/third floor suites will be vacant on closing allowing you set rents at market value.

Investors: Are you watching your capital erode in the money markets? Is your cash sitting in the bank earning pennies? This property delivers a potential cap rate of 4.17% and a potential yearly net income of $81,000.

This property is versatile and perfect for professional singles or couples, small families, empty nesters, as a condo alternative, someone downsizing, siblings and friends co-habiting too.

Its desirable urban location, steps to St Clair West subway, Loblaws, the new Summerhill Market on Bathurst, Wychwood Barns with the Saturday Farmer’s market, and the walkable St Clair West corridor with its eclectic shops, trendy restaurants and youthful energy will make it easy for the investor to rent these units — and enjoyable for an owner who wants to live close to world class urban amenities.

We’re excited to bring this rare offering to market.

Room Dimensions Level Features
Foyer 10'10" x 5' Main-1 Broadloom, closet, closet w/stackable W/D
Living Room 14'7" x 12'6" Main-1 Broadloom, gas fireplace w/electric fan, bay window
Kitchen 8'1" x 6'9" Main-1 Vinyl floor, ceramic backsplash, stainless steel appliances: Fisher & Paykel fridge, Whirlpool stove. Window
Bedroom 11'10" x 11' Main-1 Broadloom, closet, window
4 Piece Bathroom Main-1 Tile floor
Mudroom 9'9" x 7'6" Main-1 Vinyl floor, window, walkout to yard
Living Room 21' x 12'9" Second-2 Hardwood floor, closet, gas fireplace w/electric fan, bay window
Dining Room 14'9" x 10' Second-2 Hardwood floor, dbl closet w/stackable Electrolux W/D, lots of windows, open to kitchen
Kitchen 11'2" x 10'8" Second-2 Ceramic floor (heated), ceramic backsplash, granite counter, stainless steel appliances: Electrolux fridge, stove, microwave & Miele dishwasher. Breakfast bar
4 Piece Bathroom Second-2 Vinyl floor, pot lights, window
Master Bedroom 14' x 12'5" Third-2 Broadloom, W/I closet, 3 pc en-suite, window
3 Piece En-suite Third-2 Heated ceramic floor, wall cabinets, pot lights, pocket door, window
2nd Bedroom 12'4" x 11' Third-2 Broadloom, closet, window
Living Room 15' x 9' Lower-3 Laminate floor, stackable WD, pot lights, above grade window
Dining 11' x 9' Lower-3 Laminate floor, open to dining, above grade window
Kitchen 11'2" x 9'7" Lower-3 Laminate floor, ceramic backsplash, breakfast bar, stainless steel appliances., pot lights, above grade window
Bedroom 10'10" x 9'10" Lower-3 Laminate floor, double closet, pot lights, above grade window
4 Piece Bathroom Lower-3 Ceramic floor

Living in Hillcrest Village

Hillcrest Village, Toronto is an established neighbourhood situated 15 minutes from Toronto’s financial district. It is comprised of two neighbourhoods known as “Humewood” located north of St. Clair Avenue West and “Hillcrest” located south of St. Clair Avenue West.

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