56-58 Lawrence Ave E

Discover A Rare Gem: Two Homes On One Lot With Incredible Rental Income Potential! This Stunning, Newly Renovated Detached Home Offers Versatility For Both Family Living And Earning Passive Income. The Main House Features A Spacious Open-Concept Living And Dining Area, 3+1 Bedrooms Including A Gorgeous Primary Bedroom With Ensuite Bath, And A Total Of 4 Bathrooms. The Sleek, Modern Kitchen And Four Expansive Decks Add Both Comfort And Style. The Finished Basement Includes A Legal 1-Bedroom Apartment With A Separate Entrance. The Laneway House Boasts 4 Bedrooms, 2 Bathrooms, And 2 Kitchens. Flexibility Abounds: Rent The Entire Property For Maximum Income, Lease The Basement And Laneway Separately, Or Use The Basement As A Nanny Suite While Renting The Laneway House. **EXTRAS** Situated Minutes From The St. Clair Streetcar, TTC, And High Park, This Property Presents An Unmissable Opportunity For Both Families And Savvy Investors!

Ideal Live in Investment Opportunity. Exceptional Property Designed for Both Comfortable Living and Rental Income. Situated in a Vibrant Neighborhood, This Unique Lot Features Two Well Maintained Buildings Offering a Total of 3, Three-Bedroom Units and 1 One-Bedroom Unit... MAIN HOUSE Generous Living Space and a Cozy Basement Unit Perfect for Guests or Additional Rental Income. Large Windows and Natural Light, Ideal for Both Entertaining and Every Day Living... BACK BUILDING, Rear Building Consists of 2 Spacious, Three-Bedroom Apartments, One on the Lower Level and One Above. Both Units Features Bright Airy Interiors With Modern Finishes... KEY FEATURES: Four Apartments in Total, 3 Three-Bedroom Units and 1 One-Bedroom Unit. Excellent Condition Throughout. Bright and Spacious Layouts. Prime Location Near Shops, Restaurants, Public Transit and Library. Ample Parking and Outdoor Space. The Property Provides a Wonderful Place to Live and an Opportunity for Substantial Rental Income in a Highly Desirable Area. Loft Conversion: 3 Bdrm Main, 13 Ft Ceilings, Open, Powder Rm + 4pc Bath, W/O Terrace: Upper: 3 Bdrm Powder + 4pc Bath, Skylight, Rooftop Deck: 3 Bdrm House: Open & Airy, Simply Beautiful, 1 Bdrm; Bsmt: Open, Contemporary, All Have Parking.

Great opportunity to live and rent or just as a total investment property. Top floor is a 3-bedroom unit. Second floor is a 3-bedroom unit with possible alterations. Main floor is a 2-bedroom unit. And the lower unit is a 1-bedroom unit with possibilities to change to a 2-bedroom unit. Total renovation completed in 2023. Close to 4,500 sq ft of living space. Modern decor and clean lines. 9-foot ceilings in basement, main, second, and 8-foot ceilings on the third floor. Lots of storage space. Good Cap rates for a Toronto investment property and the possibility to increase with minimal alterations to close to 5.0%. Current gross rents are $132K (including utilities) with the possibility of increasing to $150K plus utilities. See floor plans for configuration and measurements. 4 car lane parking. Shed for storage in the back. Qualified to add a laneway suite in the back to live/rent/sell. Great neighbourhood with a very good Walk Score. **EXTRAS** 2 Apartment sized laundry sets, Washer/Dryer. White fridge. Electric Stove, Fridge, Microwave, Dishwasher. Apartment sized fridge, 2-burner induction cooktop. Stainless Steel fridge, 2-burner induction cooktop. All electric light fixtures.