Address
61 Chelsea Avenue, Toronto, ON
Price
$ 1,795,000
Property Attributes
  • ID#W13772354
  • TypeCommercial
  • Listing Status New
  • CityToronto
  • AreaHigh Park North
  • NeighbourhoodHigh Park North
  • Postal CodeM6P 1B9
  • StyleApts - 2 To 5 Units
  • Taxes$ 7903
  • Price$ 1,795,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1957
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

An outstanding opportunity to acquire a turnkey property with 4 self-contained units in the highly sought-after High Park North neighbourhood, just steps from Dundas West TTC Station. 61 Chelsea Ave has been lovingly maintained by an experienced owner, offering both stability and long-term investment appeal. Recent upgrades include vinyl flooring throughout, 200 Amp electrical panel, new furnace, AC and tankless water heaters (2), new bathrooms and kitchens, new composite decks (3), garbage pad, front and back walkways and patio, fencing, interior waterproofing, and most appliances. Current rents are at market level and investors benefit from a **strong cap rate of 5.03%**, with minimal need for repositioning.Tenants benefit from efficient floorplans and exceptional convenience, with Dundas West Subway Station just a 5-minute walk away and the UP Express only a 7-minute walk away, allowing for quick access to both downtown and Pearson Airport. The property is also just minutes from High Park, offering expansive green space, trails, and recreational amenities.Located near the vibrant Roncesvalles Village, residents enjoy easy access to some of the city's best cafes, restaurants, and boutique shops-enhancing the overall lifestyle appeal and supporting strong rental demand.A turnkey asset in a premier location, 61 Chelsea Ave presents a compelling opportunity for investors seeking stable income, strong fundamentals, and enduring rental demand in one of Toronto's most desirable communities.

Price History
9/11/2026 Listed $1,795,000

General Features

Cooling Yes
Utilities Yes
Heater Type Gas Forced Air Closed
Property Subtype Investment
Tax Year 2026
Lot Depth 126.0
Business Type Apts - 2 To 5 Units
County Toronto
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Toronto W02
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 7903.3
Virtual Tour https://www.houssmax.ca/vtournb/c3255890
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Legal Description PLAN M123 PT LOTS 36 & 37

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type Double Detached
Spa No
Building Area Total 1957.0
Lot Size Source MPAC
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M6P 1B9

Price
AVG $1.8M
$1.8M
Taxes
AVG $7,903
$7,903
Visits
AVG 28
27
Data Provided by Inside Real Estate®