Power of Sale Opportunity! Renovated semi detached property featuring 3 separate units with the potential to generate approximately $10,000/month in gross rental income when fully leased. The front unit is currently rented at $4,200/mo while the two additional units are vacant and recently renovated. Perfect for investors seeking strong rental income or end users looking to live in one unit while collecting rental income from the other two, helping significantly offset mortgage and carrying costs. Further upside with the potential to build a laneway home with 2 additional units subject to approvals and due diligence. Located in an excellent, highly desirable area within walking distance to vibrant neighbourhood amenities, restaurants, cafes, shopping, transit and more. A rare opportunity combining strong income potential, flexible living options and addition of potential laneway units increasing future value and upside!
Address
16 Fennings Street
List Price
$1,599,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Trinity-Bellwoods
Region
Toronto
Bedrooms
6
Bedrooms (Total)
6
Rooms Above Grade
10
Rooms Below Grade
4
Bathrooms
5
Floor Area
3500-5000 Sq. Ft.
Lot Depth
130.67
Lot Size Units
Feet
Lot Width
25
Parcel Number
212760191
Occupant Type
Tenant
Cross Street
Queen St & Ossington Ave
MLS® Number
C13795598
Listing Brokerage
ROYAL LEPAGE TERREQUITY REALTY
Basement Area
Separate Entrance, Finished, Walk-Up
Postal Code
M6J 3B8
Posession Details
Immediate
Parking
Private
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$8,087.46
Tax Year
2026
Interior Features
Sump Pump
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Other
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Fireplace
Yes
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 50 PL D186 TORONTO; CITY OF TORONTO
Waterfront
No
Sewer
Sewer