7 Cardinal Place

About This Property

7 Cardinal Place is an extra-large investment property at Yonge and Lawrence that is set on a one-block street just steps to the subway. Set on a 34-foot lot and offering over 3200 square feet above-grade, this legal duplex offers vacant possession of the 3+1 bedroom main floor suite, and established income from a tenanted three-bedroom upper unit with grade-A tenants. The municipal address of this property is 7 Cardinal Place. In person, this address relates to the upper unit, and 5 Cardinal Place references the lower unit with a separate entrance at the side of the house. This listing includes both addresses. Each of the individual suites have enormous principal rooms, large windows, and access to half of the basement for storage and laundry access. The main floor has three bedrooms plus a den, including a one-storey addition at the rear of the home. On the second floor there are three bedrooms which serviced by a four-piece bathroom, plus a sun room that is accessed off of the primary bedroom. The second floor is currently leased for $3200/month and is now on a month-to-month contract. The tenant pays for their own water, cable/internet and their separately metered hydro. An extra-wide mutual driveway leads to an oversized and very well maintained two-car garage, plus tandem green space beside it for outdoor gatherings. The home is within steps to Yonge and Lawrence's grocers, restaurants, cafes and the Yonge Subway line, and is within the coveted Bedford Park Public School district which uniquely carries from K-8.