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A Chic Multi-Unit Dwell In West Queen West

A Chic Multi-Unit Dwell In West Queen West


Offered at: $1,250,000


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While the features of this impressive home are certainly what will contribute heavily to a superior quality of life, as any urbanite worth their salt will tell you, urban living is not about living in isolation - it’s about living through integration - surrounded by spectacular amenities. Which is why the ‘location, location, location’ mantra of real estate is important for any homeowner (as it is the formula to preserve and boost property value over time). Just as critical, it’s also important for property investors hoping to entice renters who will pay a premium for sweet digs and amenities at their doorstep.

If you'd love to have the Queen West neighbourhood's art smart set and urbane vibe right outside your door, this unique urban space on Dovercourt Road is a great offering. We love its proximity to hip establishments like The Drake Hotel and The Gladstone. There's a good chance you'll find us dining at the tasty Bolt Fresh Bar for lunch, or brunching at The Beaver or Cafe Bernate! When we're craving fresh air or kicking back, we head to Trinity-Bellwoods park with its dog-friendly walk, community centre pool and home of the annual Queen West Art Crawl. Plus it's a hop, skip and a jump to Ossington Avenue where a burgeoning art gallery mise-en-scene and grooving social stops are popping up amidst the traditional Portuguese bakers and butchers still serving their long-established clientele. Looking for some stylish threads? We head to Philip Sparks Tailored Goods!

Gentrifying left, right and centre, this sure-fire location has a 24 hour streetcar down the street that leads to all points of the city, whether for work or play, day or night. And it could all be at your doorstep!

Welcome to 62 Dovercourt Road!

 

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This luscious substantially-renovated residence is one of a recent string of quality renovations appearing in this particular leg of Dovercourt Road extending south of Queen Street West. With close proximity to all the attractions of Queen West itself, and yet within a short stroll to Trinity Bellwoods Park, this abode is a unique opportunity for one lucky buyer in a centre-of-it-all location!

Being a contemporary triplex hidden behind the facade of an enchanting restored century rowhouse facade, this multi-unit residence serves as an ideal investment for those seeking a long-term hold, or an excellent opportunity to acquire a residence with an income supplement. Newly renovated and intelligently designed, this vacant dwelling is anticipated to generate an annual gross income of approximately $72,540 per annum. And thanks to the recent top-to-bottom renovation, maintenance costs should be extremely modest for the imminent future!

Each of the three smartly designed suites boasts open concept living, beautiful bamboo floors, functional outdoor living spaces, plenty of storage, powder rooms, separate laundry, and private entrances. In fact, you may have trouble deciding which unique space is your favorite! Even more, the lucky new owner of this redone classic dwelling will enjoy the peace of mind that comes with a brand new foundation, insulation, electrical, windows & roof!

Whether you’re seeking an income property, a residence with an income supplement, or multi-generational accommodations, this is a rare opportunity indeed! After all, with its generous lot (15x130 ft.), two-car carport parking, and Triple AAA locale, there’s no limits on what the highest and best use of this property might be!

Want to learn more? Contact Steve@urbaneer.com for more information!

Have you met Queen West yet? If you don't know this area very well, here's our Neighbourhood Page on Queen West including our flavour video, the city census data on the area, plus several past blogs on area amenities! And consider checking out our other Neighbourhood Pages!

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