An Amazing Opportunity For First-Time Buyers and Investors.Tens of thousands of dollar spent on basic renovations. All new windows and garage door installed in the year 2023. Renovation done on main floor and basement with new laundry room, renovated bathroom and new rooms with finished basement. Welcome to 1216 Islington Avenue, a spacious 3+4 bedroom bungalow with a separate entrance to the basement, offering the perfect setup for living in one unit while renting out the other. The main floor includes 3 bedrooms, a 4pcs bathroom, a living area, and a full kitchen. The basement features 4 additional bedrooms, 3pcsbathroom, and its own kitchen, ideal for rental income.The home comes with all the essentials, including a 2 fridge, 2 stove, washer/dryer, water heater and furnace. With rental income of around $2800 main floor and $2,800 basement , this place can easily help cover your mortgage and make a great investment for the future.Just steps from Islington Subway Station and surrounded by great schools, parks, grocery stores, gyms, and popular restaurants. You also get quick access to the Gardiner, TTC, and GO Transit, making commuting a breeze.The fully-fenced backyard provides a great area for kids to play. Attached Garage Parking for 2 Vehicles: 1 in Garage and 1 at driveway. The area is constantly changing with new zoning law potential for 4 units on the lot and a garden suite at the backyard.
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Total Approx Floor Area:
700-1100
Depth:
113'5"34.6 m
Frontage:
37'6"11.4 m
Direction Faces:
West
Bedrooms:
3+4
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
2
Kitchens in Basement:
1
Bedrooms Above Grade:
3
Bedrooms Below Grade:
4
Kitchens Above Grade:
1
Rooms Above Grade:
6
Rooms Below Grade:
6
Ensuite Laundry:
No
Fractional Ownership:
No
Assignment:
No
Heating type:
Radiant
Heating Fuel:
Gas
Foundation:
Concrete Block, Concrete
Roof:
Asphalt Shingle
Basement:
Separate Entrance, Apartment
Fireplace/Stove:
No
Garage:
Attached
Garage Spaces:
1.0
Parking Features:
Front Yard Parking, Private
Parking Spaces:
1
Total Parking Spaces:
2.0
Family Room:
No
Possession Details:
45
Pool:
None
Link:
No
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2024
Development Charges Paid:
Yes
Taxes:
$4,978 /
2024
Assessment:
$- /
2024
Toronto W08
Islington-City Centre West
Toronto
Primary Bedroom - Main Floor, Storage, Water Heater
Data was last updated April 18, 2025 at 06:15 PM (UTC)
Area Statistics
Listings on market:
45
Avg list price:
$1,828,000
Min list price:
$899,000
Max list price:
$4,299,000
Avg days on market:
23
Min days on market:
1
Max days on market:
94
These statistics are generated based on the current listing's property type
and located in
Islington-City Centre West. Average values are
derived using median calculations.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.