355 Dufferin Avenue

About This Property

Discover the allure of this licensed triplex nestled in a coveted downtown locale. This solid brick century home boasts a unique blend of historic charm and modern convenience, offering ample parking for all units.The main unit spans two floors and features a spacious layout with incredible high ceilings, a large living/dining area, an inviting eat-in kitchen, three bedrooms, and a full bathroom with laundry facilities. Additionally, a convenient main floor powder room adds to the comfort and functionality of the space. Upstairs, a refreshed one-bedroom, one-bathroom unit provides cozy accommodation, while the lower level has been tastefully renovated to offer two bedrooms, one bath, and an open-concept living area. Each unit is equipped with in-suite laundry for added convenience. Currently fully occupied, the property generates substantial rental income: the main unit rents for $2,445 per month , the upper unit for $1,399 per month , and the lower unit for $1,429.87 per month. Tenants are responsible for their hydro, gas and water incl in rent. Key upgrades include a metal roof with a transferable 50-year warranty (installed in 2014) and a replaced water boiler for efficient radiant heating (2016). Both water heaters are owned, with separate units serving each section of the triplex. Recent updates to water supply lines ensure reliability, utilizing copper or PEX piping. Newer windows enhance energy efficiency and comfort, particularly notable in the lower level and updated kitchen and bathroom areas of the upper unit. Several appliances have also been recently upgraded, further enhancing the property's appeal. Zoned for versatile use, including potential conversion to office space, this property offers flexibility for owner-occupied professional use or continued rental investment. Its prime downtown location appeals to students and professionals alike, providing easy access to a wealth of amenities and urban conveniences.