Whether you're seeking a smart investment or a future family home, 707 Gladstone Ave is brimming with possibilities! This versatile and spacious 4+1 bedroom, 3-bathroom legal duplex is situated on a generous 18 x 139 ft lot.  This legal duplex is currently divided into two separate units, offering flexibility for rental income or multi-generational living. With minimal effort, the home can easily be converted back into a spacious single-family residence. The third floor boasts two generously sized bedrooms, each filled with abundant natural light, offering a bright and airy atmosphere. On the second floor, a charming bay window in the living area and a beautiful mantel enhance the space with warmth and character. Unit 2 features a spacious kitchen with a convenient powder room, leading into a large dining area, while the living room is highlighted by another beautiful mantel and a large window that floods the space with natural light. The front yard provides a serene, green-filled retreat, while the backyard is a true oasis, featuring a vine-covered roof ideal for relaxation and outdoor gatherings. If that wasn't enough, you are steps away from the vibrant Dovercourt Park and the Dovercourt Boys & Girls Club, Dufferin Grove, the Dufferin Grove Market and the Gladstone Library. This property is also within walking distance to trendy Geary Avenue, featuring some of the city's best restaurants and cafes. You'll love the convenience of nearby shops and cafes along Dupont and Bloor, with quick access to the TTC, Dufferin Subway Station, and a short commute to downtown Toronto. Seize this incredible opportunity to own a versatile property in the heart of the city. The property includes a rare two-car garage with laneway access.