Who’s looking for a profitable property?
This is the kind of deal Toronto investors dream about, a legal triplex in The Junction for $1,095,000 OBO, below tax assessed value and surrounded by high value homes. With an ARV around $1.74M, there’s $650K+ of potential spread and multiple ways to profit.
This legal triplex sits just off Annette St & High Park Ave, walking distance to shops, restaurants, transit, and nightlife. Spanning 2,700+ sq ft plus a finished basement, it offers three large self-contained units, each with private entry and good ceiling height. The property also boasts a shared drive and detached garage with 5 parking spaces, a rarity in this pocket and a profit stream on its own if rented out separately.
Whether you renovate and flip, hold as a long-term income property, or live in one unit while the others pay down your mortgage, this is a rock-solid play for anyone looking to build equity and cash flow in Toronto’s west end.
How can you profit?
- Fix & Flip – Invest in cosmetic updates to modernize the main and upper units and re-list around $1.65M–$1.74M. Renovated triplexes nearby have sold at or above this range, leaving $400K–$500K+ in potential margin even after renos and closing costs.
- Buy & Hold / Landlord Play – Own a legal triplex under assessed value with built-in income. One unit is already rented at $1,400/month to a long-term tenant, providing steady baseline cash flow.
Typical current market rents in The Junction:
• Upper 3-bed (after updates): ~$3,000–$3,500
• Main 3-bed (after updates): ~$3,000–$3,500
• Basement 2-bed (already renovated): ~$2,200–$2,500
Total rent potential ranges from ~ $6,600/month now (as is) to ~8,000–$8,500/month after modernization. With low vacancy and strong tenant demand, this property can generate immediate positive cash flow and long-term appreciation. - House Hack / Live-In – Move into one spacious 3-bed unit and let the others pay your costs. At current rates, you could live in The Junction for roughly $800–$1,300/month net while owning a legal triplex that’s growing in value every year.
SUMMARY:
- LOCATION: Toronto, ON (Annette St & High Park Ave – The Junction/High Park North)
- PURCHASE PRICE: $1,095,000 Or Best Offer
- AFTER REPAIR VALUE: $1,740,000
- CLOSING: January 7, 2025 (This is an assignment sale.)
- TYPE: Legal Triplex
- BEDS/BATHS: 6+2 beds (2X3 bed apartments up, 1×2 bed down) / 3 baths (1 per unit)
- PARKING: 5 total (shared drive + double garage)
- BASEMENT: Finished with separate unit
- SQFT: 2,744 + basement
- LOT: 24’ × 133’
- AGE: 1957
- PROPERTY TAX: $8,455 (2024)
- POSSESSION: 2 units vacant
RENOVATIONS NEEDED:
- Cosmetic refresh on main and upper floors
- Light smoke smell in stairwell; easy clean-up
- Minor junk and furniture removal
- Please view the pictures and videos for renovation ideas
GOOD NEWS:
- Legal triplex under tax assessed value in The Junction
- Strong upside for landlords, flippers and househackers alike
- One unit already rented at $1,400/month (long-term tenant)
- Basement unit fully renovated
- Massive 2,744 sq ft layout + basement
- 5 parking spots- profitable by itself!
- Consistent rental demand and low vacancy rates
- Walk to shops, restaurants, schools, and parks
LISTING ID: 1125-TOR-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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PS. Email us today for your info package. Who wants to make money on this one?