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Investment signal

$1,499,000

412 WELLESLEY STREET E

Beds

Baths

Sqft

1,770

Year

Location

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About this home

Perfectly located on the superior (East of Parliament) side of Toronto's iconic Cabbagetown, this exquisite semi-detached character home offers a picturesque living experience akin to residing within a lush park. Surrounded by charming Victorian heritage homes, well-manicured lawns, whimsical laneways, parks & walking paths, you'll find peace & tranquility alongside hip restaurants & shops. Proper duplex with separate metering makes for a savvy investment opportunity with a net annual income of approx. $60k (gross $77k).Excellent opportunity to live in one unit & rent out the other for extra income. Upper level is vacant, while the main level is occupied by market rate tenants on a month-to-month basis, ensuring flexibility. Elegant interior is adorned with oak hardwood floors, crown mouldings & high ceilings create a warm & inviting ambiance, while newer kitchen features chic cupboards, stylish backsplash, granite countertops & stainless steel appliances. Breakfast/dining area is a true highlight overlooking a front porch which provides a delightful view of Wellesley St, perfect for enjoying morning coffee. The living area features a cozy built-in bench & large side window. Walk-out to a private backyard for outdoor relaxation & entertaining, while the conveniently located main floor powder room is both stylish & functional. Oak staircase leads you down to the generously sized bedrooms. Lower level is a true retreat, showcasing high ceilings & spa-like 4-piece bathroom with marble, heated flooring for cozy comfort. Ample closet spaces in both rooms & separate laundry area. 2nd level apartment has 2 large bedrooms, 4pc washroom & modern kitchen combined with living area that flows seamlessly to oversized New Orleans style balcony looking over tree lined heritage district (grants available). Separate furnace, air conditioning and laundry for each unit. Easy access to highways & transit. New AC unit (2025) Washer & Dryer (2026) Main Unit Photos Are Virtually Staged (id:65958)

Subtype
Multi-family
Structure
Multi-Family
Community
Cabbagetown-South St. James Town
Living area
1,770 square feet
Lot dimensions
Bldg=17.5 x 90 FT
On market
Mar 6, 2026
Status changed
Apr 13, 2026
Annual tax
$8,495
Zoning
R(d1*851)
Photos
49
MLS#
C12853190
Area
TORONTO_(CABBAGETOWN-SOUTH_ST._JAMES_TOWN)

Features and systems

Appliances

DishwasherDryerMicrowaveWindow CoveringsTwo Washers

Heating

Radiant heatForced airElectric

Cooling

Fully air conditioned
Negative cash flow ~$2,873/mo at these assumptions

Cash on cash

-11.50%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,524

Financing

Down payment$299,800
Loan amount$1,199,200
Mortgage$7,357/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$687
Insurance$80
Maintenance$1,249
CapEx reserve$625
Vacancy loss$375

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Cabbagetown-South St. James Town). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $7,357/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

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