An outstanding opportunity to acquire a turnkey property with 4 self-contained units in the highly sought-after High Park North neighbourhood, just steps from Dundas West TTC Station. 61 Chelsea Ave has been lovingly maintained by an experienced owner, offering both stability and long-term investment appeal. Recent upgrades include vinyl flooring throughout, 200 Amp electrical panel, new furnace, AC and tankless water heaters (2), new bathrooms and kitchens, new composite decks (3), garbage pad, front and back walkways and patio, fencing, interior waterproofing, and most appliances. Current rents are at market level and investors benefit from a **strong cap rate of 4.92%**, with minimal need for repositioning.Tenants benefit from efficient floorplans and exceptional convenience, with Dundas West Subway Station just a 5-minute walk away and the UP Express only a 7-minute walk away, allowing for quick access to both downtown and Pearson Airport. The property is also just minutes from High Park, offering expansive green space, trails, and recreational amenities.Located near the vibrant Roncesvalles Village, residents enjoy easy access to some of the city's best cafés, restaurants, and boutique shops-enhancing the overall lifestyle appeal and supporting strong rental demand.A turnkey asset in a premier location, 61 Chelsea Ave presents a compelling opportunity for investors seeking stable income, strong fundamentals, and enduring rental demand in one of Toronto's most desirable communities.
Address
61 Chelsea Avenue
List Price
$1,849,000
MLS® Status
Price Change
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
3-Storey
Transaction Type
Sale
Area
Toronto W02
Sub-Area
High Park North
Region
Toronto
Bedrooms
4 + 1
Bedrooms (Total)
5
Rooms Above Grade
15
Bathrooms
4
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
126
Lot Size Units
Feet
Lot Width
19.33
Parcel Number
213510059
Occupant Type
Tenant
Cross Street
Bloor St. W and Dundas St. W
MLS® Number
W13050756
Listing Brokerage
ROYAL LEPAGE TERREQUITY BESPOKE REALTY
Basement Area
Apartment
Postal Code
M6P 1B9
Posession Details
30/60/TBA
Parking
Lane
Parking Places (Total)
2
Tax Amount
$7,767.10
Tax Year
2025
Site Influences
Hospital, Library, Park, Place Of Worship, Public Transit, School
Interior Features
Carpet Free
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Unknown
Garage
Yes
Garage Type
Detached
Covered Spaces
2
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PLAN M123 PT LOTS 36 & 37
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Basement | Living Room | 3.91 x 3.96 | Closet, Combined w/Dining, Window |
| Basement | Kitchen | 2.62 x 3.1 | Stainless Steel Appl, Window |
| Basement | Bedroom | 2.87 x 3.96 | Closet, Window |
| Basement | Furnace Room | 2.57 x 1.22 | |
| Basement | Laundry | 2.49 x 2.87 | W/O To Yard |
| Ground | Living Room | 4.29 x 3 | Window |
| Ground | Kitchen | 3.45 x 4.5 | Combined w/Dining, Stainless Steel Appl, Window |
| Ground | Bedroom | 3.48 x 2.95 | Closet, Window |
| Ground | Foyer | 1.27 x 1.27 | W/O To Porch |
| Second | Living Room | 4.29 x 2.92 | Closet, Window |
| Second | Kitchen | 4.57 x 2.79 | Combined w/Dining, Stainless Steel Appl, Window |
| Second | Bedroom | 3.28 x 4.5 | Closet, French Doors, Window |
| Second | Sunroom | 2.62 x 2.97 | W/O To Balcony, Window |
| Third | Kitchen | 4.65 x 3.58 | Combined w/Living, Stainless Steel Appl, Window |
| Third | Bedroom | 3.89 x 2.84 | 3 Pc Ensuite, Closet Organizers, Window |
