House of the Week: $3.3 million for a grand Victorian triplex in the Annex
The Place: A 19th-century Victorian semi divided into three separate suites.
The History: Completed right before the bank crash of 1893, which halted housing construction, this is one of only two semis in the neighbourhood to have been built on such a grand scale. In 2006, the house was gutted and renovated by the current owner, an architect who divided the space into the current three suites. The work included installing separate entrances for each unit, along with en suite laundry and separate heating and cooling.
Big Selling Point: This house is plenty big. It comprises a large three-bedroom owner’s suite and a pair of two-bedroom rental apartments, each with its own private entrance and outdoor space. The net income from the two rental apartments is estimated at $5,400 a month.
Possible Deal Breaker: With three units and only two parking spots, figuring out where to put all the tenants’ various vehicles may be a challenge—but that’s just part of living in Toronto.
By The Numbers:
• $9,507.56 in property taxes (2014)
• $5,400 a month in potential rental income
• 4,465 square feet (including lower level)
• 7 bathrooms
• 4 bedrooms
• 4 fireplaces
• 3 below-grade bedrooms
• 3 storeys
• 3 separate suites
• 3 private entrances
• 2 terraces
• 2 parking spaces
• 2 balconies
• 1 skylight