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Renanza Realty
For sale

34 RIVER STREET

Toronto (Regent Park), Ontario

MLS® C12791164

$2,499,900

Status
Active
Property type
Multi-family
MLS® number
C12791164
Bedrooms
6
Bathrooms
5
Year built

Listing description

Exceptional investment and income-generating opportunity in the heart of Corktown. Ideally situated with just a five-minute walk to both Queen Street East and King Street East. This property offers outstanding access to public transit, downtown Toronto, and a vibrant mix of restaurants, shops, and amenities.

Meticulously maintained over the years by the live-in owner, this legal duplex showcases pride of ownership throughout. The home features two spacious 1. 5-storey units, each offering a 1+1 bedroom layout.

The main floor unit boasts generous principal rooms with high ceilings, large windows, and an abundance of natural light. The second/third-floor unit mirrors this thoughtful layout and design, and is currently tenanted, providing immediate rental income. Originally built in 1890, this charming Victorian residence blends timeless character with tasteful updates and modern renovations.

The open-concept living spaces, impressive ceiling heights, and expansive windows create bright and inviting interiors that appeal to both tenants and end users alike. The lower level includes a fully finished two-bedroom apartment or in-law suite with a separate entrance, further enhancing income potential and flexibility. Estimated gross annual income ranges between $100,000 and $110,000, making this a compelling addition to any investment portfolio.

Property features three designated parking spaces - a rare and valuable asset in this central location. Exterior features include a large ground-level deck for the main unit, and a spacious rooftop deck exclusively for the upper unit, both offering exceptional outdoor living space. This is a rare opportunity to acquire a well-maintained, income-producing property in one of Toronto's most desirable and historically rich neighbourhoods.

Property summary

MLS® number
C12791164
Property type
Multi-family
Building type
Duplex
Land size
22.6 x 164.4 FT
Annual property taxes
$8,227.00
Parking
3 spaces · No Garage
Days on market
191 days

Features & details

Heating
Forced air, Natural gas
Cooling
Central air conditioning
Basement
Apartment in basement, Separate entrance, N/A, N/A
Flooring
Hardwood, Laminate, Carpeted
Exterior features
Brick

What would this home cost you?

Based on the $2,499,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$11,632 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX HALLMARK REALTY LTD., TORONTO.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.