$1,799,000
230 EMERSON AVENUE
Beds
4
Baths
3
Sqft
—
Year
—
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Dovercourt-Wallace Emerson-Junction). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Welcome to a newly built, two-story detached home featuring three fully self-contained legal units! Nested in the vibrant Junction-Wallace Emerson neighborhood - an exceptional opportunity to own , thoughtfully designed for modern living and strong income potential. Each unit offers bright, open-concept living spaces, quality finishes, and well-planned layouts that balance comfort, style, and functionality. Designed with versatility in mind, this property is ideal for multi-generational living, savvy investors, or homeowners looking to offset their mortgage with additional rental income. Just a 10-minute walk to the subway, bus service at the corner, and a 15-minute walk to Dufferin Mall. Surrounded by schools, cafes, shops and everyday conveniences. Each unit features separate hydro/gas/water meters, electrical panels, individually controlled heating and cooling system with separate thermostats, and in-suite laundry, offering privacy, independence, and convenience. Step outside to discover the added value of laneway access with potential for a future laneway house (buyer to verify), offering a rare opportunity to expand and further increase income potential in one of Toronto's most in-demand neighborhoods. Whether you're expanding your portfolio or creating space for family under one roof, this home combines lifestyle, location, and long-term value. A rare chance to own in one of Toronto's most promising growth corridors. (id:65958)
- Subtype
- Multi-family
- Structure
- Triplex
- Community
- Dovercourt-Wallace Emerson-Junction
- Condition
- Insulation upgraded
- Lot dimensions
- 17 x 120 FT
- Bedrooms
- 3 above grade, 1 below grade
- Parking
- 2 total
- Stories
- 2
- On market
- Apr 27, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $4,246 (2025)
- Photos
- 33
- MLS#
- W13047488
- Area
- TORONTO_(DOVERCOURT-WALLACE_EMERSON-JUNCTION)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Cash on cash
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$10,995
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.