$1,995,000
14.61 BTC
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115 Gladstone Avenue, Toronto
$1,995,000
PRICE
5
BEDROOMS
5
BATHROOMS
C12210463
MLSID

115 Gladstone Avenue, Toronto

Rare opportunity to own a fully legal 5-unit income property in one of Torontos most sought-after rental neighbourhoods. Four of five units have been renovated, offering strong in-place income with significant upside as units turn over to market rents. High cap rate in a high-growth area perfect for the savvy investor. Recent upgrades include roof shingles (2021), new sump pump (2024), and boiler pump (2025). Excellent tenant profile and minimal vacancy.Laneway access at the rear presents potential for a laneway suite (buyer to verify), adding future income potential. Steps to Queen West, transit, and all urban amenities. This is a rare, turnkey asset with stability, upside, and long-term value.
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Sold History

SOLD
19 July 2006
$580,000
SOLD
24 August 2001
$400,000

Summary

Address
115 Gladstone Avenue
MLSID
C12210463
Property Type
Detached
Property Category
Bedrooms
5
Bathrooms
5
Kitchens
5
Taxes (Annual)
$9,177.00
Tax Year
2024
Published
June 10, 2025
Days on Market
12 Days
Possession Type
Flexible
Possession Details
Flexible
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Details

Parking Spaces
2
Parking Total
2.5
Architectural Style
2-Storey
Lot Width
25 Feet
Lot Depth
115 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with GILBERT REALTY INC.
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