31 Emerson Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey triplex located in the coveted neighborhood of Dovercourt-Wallace Emerson-Junction. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 20 x 99 ft lot
- Features a separate entrance, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Water Meter, Water Heater, Storage
- Efficient radiant heating via gas
Description
Welcome to 31 Emerson Avenue - a thoughtfully updated triplex in one of Toronto's most vibrant west-end neighbourhoods. Offering nearly 2,500 sq ft of finished living space plus an additional almost 700 sq ft unfinished basement with a separate entrance and incredible future potential, this is a rare opportunity for investors or end-users alike. The property's three existing units are projected to generate approximately $6,500/month in gross rental income. The main entrance leads to a bright main floor bachelor suite with a Murphy bed, as well as a spacious 2-bedroom second and third floor apartment complete with a rooftop deck. The third unit occupies the rear addition and currently serves as an ideal two storey owner's suite. Each self-contained apartment features a full kitchen, bathroom, and in-suite laundry. Ideally located just steps to Bloor Street West, the subway, great cafés, restaurants, parks, and everyday amenities, 31 Emerson combines strong income potential with an exceptional urban lifestyle in one of Toronto's most sought-after neighbourhoods.
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Water Meter, Water Heater, Storage, Separate Hydro Meter
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 31 Emerson Avenue, Toronto W02, ON M6H 3S7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $999,000 in Toronto, the legal minimum down payment is $74,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,455 also applies, bringing the total estimated land transfer taxes to $32,910.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
