If you’re looking to become a Toronto landlord in 2025 (because we all need goals), then 35 Columbine Ave. might just be the perfect fit.
35 Columbine Ave. is a professionally maintained semi-detached triplex smack in the middle of the Beaches.
And unlike many triplexes that have hit the market lately, which are either in not-so-great shape or outrageously expensive, this is one that sits squarely in the Goldilocks zone of triplexes.
The living room in the main floor unit.
Listed for $1,689,000, 35 Columbine Ave. offers three self-contained units that are a great blend of original charm and modern updates.
The bedroom of the main floor unit.
The main floor unit is a one-bedroom, the basement is a studio and the upper two floors of the house are a two-bedroom apartment.
The kitchen in the main floor unit.
The main floor unit has original hardwood floors, a fireplace in the living room and a spacious kitchen with plenty of storage and newer appliances.
The dining room of the two-bedroom apartment.
The two-bedroom unit has had the most renovations done to it.
The two-bedroom apartment kitchen.
The kitchen looks recently updated, and there are new floors throughout.
A small office area in the two-bedroom apartment.
Also, while it is a two-bedroom, it could potentially be a three-bedroom as there’s a small room off the kitchen that is currently being used as an office.
The basement apartment.
As for the basement unit, it is just a studio, but it is definitely one of the nicer basement units available in a city where hallways are rented out for $900 a month.
The kitchen in the basement unit.
It could still use some updates, namely in the kitchen and bathroom if you wanted to get top rental dollar for it.
The basement unit bathroom.
Currrently, the basement unit is the only tenanted unit at $1,000 a month, which, as realtor Anthony Gallippi told blogTO, is below market rate.
The living room in the two-bedroom unit with a fireplace.
The other two units are vacant and could be rented out at market rate, which would be an easy lift to find tenants since the location is top-notch.
One of the bedrooms in the two-bedroom apartment.
This means, according to the latest figures, you could be making $3,115 a month for the two-bedroom and $2,385 for the one-bedroom unit.
The second bedroom in the two-bedroom apartment.
And if you did get the market rate for the basement studio, you could be looking at almost $90,000 in rental income.
The bathroom in the main floor unit.
It’s also a good investment if you look at the bigger picture.
The living room in the two-bedroom unit.
Semi-detached houses in this neighbourhood can sell for well over $2 million, with the average sale price hitting around $1.6 million.
The kitchen in the main floor unit has a dishwasher.
Further, property values have gone up three per cent in the last 12 months.
The backyard has three sheds for storage for each unit.
Also, in a buyer’s favour is the fact that 35 Columbine Ave. has been sitting on the market since July.
The back of the house.
In other words, the owner is probably more willing to negotiate and sell for below asking. And who knows, ’tis the season of giving!
