30 Emerson Avenue, Toronto

30 Emerson Avenue in Toronto In a great location in Toronto in Bloordale Village lies a legal duplex, that has 5 rental units at the moment.

It can be reconverted into a duplex, a single home or kept as a rental property.

Rosie Vittorio SALES REPRESENTATIVE

WELCOME TO 30 EMERSON AVENUE IN BLOORDALE VILLAGE, TORONTO

Emerson Beckons with Memorable Times. Discover Your Dream Home Nestled in the Heart of Toronto’s Enchanting Neighbourhood. This Detached Duplex, spanning approximately 2500 sq.ft, offers the flexibility to be converted into a single, unified residence.

Enjoy the allure of an inviting front porch, outdoor space from the upper bedroom, a patio space, and a convenient parking spot.

Whether you opt for personal living or maintain it as an investment property, the choice is yours – live in one unit while collecting rent to ease your mortgage burden. With a robust Net Operating Income of $56,000 per year, this property stands as a sound financial investment. Just a brief one-minute stroll to Lansdowne station, it is surrounded by excellent schools, grocery stores, and restaurants, and is in close proximity to the scenic Dufferin Grove Park. Experience the lively ambiance of Dovercourt Wallace Emerson Junction, a neighborhood steeped in history with a closely-knit community.

• • • • • • • •

Lot size: 20.24ft x 95.8 Detached Home 6 bedrooms, 3 bathrooms 5 Kitchens, 2 in the basement and 3 above ground floor.

Basement has 2 bathrooms Approximately 2500 sq.ft 1 Parking spot Property Tax (2023) $5397

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MAJOR WORK DONE ON EMERSON IN THE LAST 10 YEARS

Major Work Done on Emerson in the last 10 years

2021 Front decks top and bottom, new stairs on main entrance ($32k) Fire Inspection and Compliance 2nd and 3rd Floor Unit Renovation ($17k) - New kitchen cabinets, countertop, faucet, backsplash, light fixture, range hood - New tiles in bathtub, plumbing, new toilet, new vanity and faucet, electrical adjustments, new fan, light fixtures, mirror - New vinyl flooring and trims in kitchen, bathroom and hallway

2020 Main Floor Renovation - Back Unit (10k) - New tiles for kitchen and bathroom - New kitchen cabinets, sink and faucet, range hood, backsplash - New toilet, vanity, medicine cabinet, refresh grout and caulking tub area - New laminate flooring in bedroom - New baseboards, door knobs, locks Roofing (10k) - flat roof on the back (10 yr warranty) - Shingles: top rood including roof over top deck (7 year warranty)

2018 Waterproofing of exterior of the house, gravel and concrete replacement ($13.6k) Basement Renovation, Front Unit ($6k) - New kitchen cabinets, countertop, sink, faucet, range hood, backsplash, plumbing, floor tiles, baseboards - New bathtub, wall tiles, new vanity, faucet, fan, toilet - New drywall, paint New walkway ($6.6) - Demolition, rebuilding in concrete, parking and weatherproofing

Rosie Vittorio SALES REPRESENTATIVE

CONFIRMATION OF QUALIFYING FOR A LANEWAY HOUSE

Laneway Housing Advisors #1801-1 Yonge Street Toronto, ON M5E 1W7

January 24, 2024

This letter will con�rm that the property located at 30 Emerson Avenue in Toronto quali�es for a laneway house build in the rear portion of the lot, under Toronto’s “Changing Lanes” program.

I visited the property on January 24, 2024 and con�rmed zoning, siting, emergency access and other appropriate quali�cations to certify its eligibility.

The maximum size of a permitted as of right build recessed laneway house build appears to be approximately 592 square feet (over two �oors - lower and upper). The design required for this size would see the laneway house recessed into the existing grade at least 6 feet, and would preclude any level entry or parking inside the unit. The entire build would be “living space”.

It should be noted that current �re/emergency access regulations might require the owner of 30 Emerson Avenue to enter into a “Limiting Distance Agreement” (LDA) with the neighbour at either 28 Emerson Avenue or 32 Emerson Avenue in order to build the laneway house. A positive “reciprocity principle” might be in e�ect here, as the owners of 28 and 32 Emerson Avenue also likely need this LDA if they were to build a laneway house on their respective properties. This isn’t certain; a property survey or more information might prove that the required 0.9m (35.5 inch) access path already exists on the south side of the house.

The relatively new (2018) Changing Lanes program from the City of Toronto allows qualifying property owners to construct a laneway house “as of right” on their property, with simple building permit application and no political approval or committee of adjustment approval required. No variances are required and no appeals or “neighbour vetoes” are permitted. The city also waives development cost charges.

Should you have any questions about 30 Emerson Avenue in particular, or the Changing Lanes program in general, please feel free to contact me any time, or visit our website.

Martin Steele Laneway Housing Advisors - www.lanewayhousingadvisors.com #1801-1 Yonge Street - Toronto, ON M5E 1W7 DIRECT 24/7: 647.847.8128

INCOME & EXPENSE STATEMENT

Pro Forma Income & Expense Statement 30 Emerson Avenue, Toronto, ON M6H3S8 Income

Projected Year, 2024 Unit 1 Unit 2 Unit 3 Unit 4 Unit 5

$ $ $ $ $

9,907.08 14,760.00 25,830.00 7,176.84 16,800.00

$

74,473.92

Insurance Property Tax Water Tax Utilities

$ $ $ $

6,170.00 5,397.00 1,755.00 4,657.00

Total Expenses

$

17,979.00

Net Operating Income

$

56,494.92

Total Gross Income Expenses

LOCATION

Rosie Vittorio SALES REPRESENTATIVE

Direct: Office: Email: Web:

905.464.4085 905.338.9000 rosievittorio@gmail.com www.rosievittorio.ca

RE/MAX Aboutowne Realty Corp., Brokerage. Independently Owned and Operated.

309A Lakeshore Rd E, Oakville, ON L6J 1J3.

Expect Exceptional

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