625 Euclid Ave

In the heart of Toronto’s coveted Palmerston-Little Italy neighbourhood, 625 Euclid Ave presents a rare opportunity for savvy investors. This meticulously maintained property offers the flexibility to suit various investment strategies, whether you’re seeking immediate rental income or planning for long-term appreciation.

Currently configured with three separate, legal suites, this adaptable home can be easily transformed to meet your specific needs. Envision the possibilities: maintain it as a lucrative multi-unit rental, convert it into a spacious single-family residence, or create a harmonious blend of personal living space and income-generating units. 

The property’s versatility is matched only by its fantastic location a short walk from both Bathurst and Christie Stations. Known for its cultural richness, excellent dining options, and close-knit feel, this area is highly desirable for renters and homeowners. This desirable setting ensures a steady stream of quality tenants and positions the property for sustained growth in value.

Since 2017, the current owners have invested significantly in modernizing the property. All kitchens and bathrooms have been thoughtfully updated, striking a perfect balance between contemporary functionality and the home’s inherent character. These updates not only elevate the living experience for tenants but also minimize maintenance concerns for you as an investor. An above-average pre-listing home inspection is available. The complete list of improvements and the current financial information can be found here. 

The top two floors house a generous three-bedroom unit, ideal for families or professionals seeking a spacious urban retreat. The third floor boasts two ample bedrooms, while the second floor offers an additional bedroom, a welcoming eat-in kitchen, bathroom, and a living room that overlooks serene green space. This configuration promises strong rental yields from tenants who appreciate both space and style, or will make a great home for an end user looking for a comfortable, stylish, and convenient living space that feels like an oasis in the city.

The ground-floor one-bedroom unit is a testament to the property’s rich heritage. Original features, including an inoperable fireplace, French pocket doors, and gleaming hardwood floors, create an ambiance that commands premium rents. The bedroom, graced by a large window, flows seamlessly into an open-concept living area. The updated eat-in kitchen shines with stone counters, stainless steel appliances, and modern cabinetry. A renovated three-piece bathroom and a practical storage area at the rear, complete this charming unit.

The basement level offers a self-contained studio apartment, featuring separate front access and a shared laundry facility. A thoughtfully designed mudroom includes a built-in closet to help keep clutter under control plus room to safely store your bike. The open-concept layout includes a cozy nook perfect for a home office, a spacious bathroom, and a well-appointed kitchen. This unit’s versatility appeals to a wide range of tenants, from students to young professionals.

Throughout the property, updated appliances in all kitchens underscore the attention to quality and tenant satisfaction. The shared laundry facility in the basement adds convenience for all residents.

Two units will soon be available for new tenants, allowing you to set market-appropriate rents from the outset. The upper three-bedroom unit, currently occupied month-to-month, offers flexibility for future plans. Whether you maintain the current multi-unit configuration or reimagine the space, you can maximize your return on investment.

This property shines for investors considering owner occupation and entrepreneurial friends looking for the perfect co-ownership opportunity. Live comfortably in one unit while generating income from the others, or gradually expand into more of the home as your needs evolve. The potential for a dedicated home office or business space separate from living quarters adds another layer of versatility to this exceptional property.

The property’s exterior features are equally impressive. A landscaped front yard and inviting porch create strong curb appeal, while the private, shaded backyard offers a tranquil retreat under a mature tree canopy. Armchair athletes inspired by the success of Team Canada at the Paris Olympics will love the easy access to the inviting greenspace and tennis courts and running track located right across the street. Two parking spaces accessible from the laneway are a prized amenity in this urban setting. The fully fenced yard provides an extra layer of security and privacy, appealing to many tenants.

625 Euclid Ave’s location in Palmerston-Little Italy is nothing short of ideal. This diverse and energetic neighbourhood is a magnet for quality tenants and a cornerstone of long-term appreciation. Residents enjoy easy access to public transit, schools, eclectic dining options, boutique shopping, and verdant parks. The area’s enduring popularity among renters and homeowners ensures steady demand and robust potential for future value growth.

With its versatile configuration, recent updates, and prime location, 625 Euclid Ave offers immediate rental income potential coupled with excellent prospects for long-term appreciation. Whether you’re an experienced investor or looking to enter the market with a high-quality asset, this meticulously maintained multi-unit property deserves your attention.