5 Garnet Ave

This semi-detached, three-unit home in the heart of Christie Pits is an excellent investment, option for multi-generational living or ideal live-in/rent-out solution. When you add the potential to build an 890-sq-ft laneway house (see Report), there are many possibilities. Transformed from single-family to duplex with permits in 2019, creating 2 brand new 2-bedroom units with sound-proofing, insulation, and new windows. Further improvements since then include new basement drains and flood protection, dishwashers, built-in garage storage, and custom skylight blinds. The rental mix includes a bi-level 2-bedroom ($2,931/mth) and a 1-bedroom basement ($1,570/mth) - both month-to-month with stellar tenants. A third unit, a bi-level 2-bedroom, is vacant, with potential market rent of $3,295, bringing the total to $7,796/mth when fully leased (see Financials). Each unit has a private entrance, thermostat & electrical panel. Oversized 2-car garage with lane access. Excellent home inspection. All equipment owned including tankless HWT. Upgraded 1" water main, 200 amp service. Turn-key property with high income in an area with high rental demand. Steps to Christie Pits park, Christie subway station, Fiesta Farms, and Bloor St. W.