229 MANOR ROAD E, Toronto (Mount Pleasant East), Ontario, M4S1R9

Property Description

Welcome to 229 & 229R Manor Rd E - a rare, income-generating gem in the heart of Davisville Village. Experience two homes offering over 5,000 sq ft of beautifully designed living space on one exceptional lot. The main house is a impeccably updated, detached home with three fully legal spacious, executive-level suites - each approximately 1,100 sq ft - including two 2-bedroom units, a large 3-bedroom lower suite, and masterfully landscaped outdoor spaces. All are separately metered, with upgraded systems throughout, including full rewiring, and an underpinned basement with over 8 foot ceiling height. Tucked just behind, discover a show-stopping 1,700 sq ft 2-bedroom detached laneway home with over 900 sq ft of sun-filled, contemporary living space perched above a 3-car garage with heated flooring and an EV rough-in. Lovingly built and maintained by experienced developers, this turnkey property was crafted with long-term comfort, durability, and design in mind. It's ideal for savvy investors, multi-generational families, co-ownership buyers, or downsizers looking to convert their home equity into a vibrant lifestyle and strong monthly income. Gross rent potential over $180,000/year, 4.7% Cap rate. All of this, just steps to Mount Pleasant's Michelin Mile, the future Eglinton LRT, June Rowlands Park, top-rated schools, boutique shops, cafes, and more. This is a rare opportunity to own two incredible homes on one extraordinary lot - come see it before it's gone! (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: 9 (6 above, 3 below)
• Bathrooms: 5
• Fireplaces: 2
• Parking: 3 spaces (Detached Garage, Garage)
• Frontage: 32 ft (9.8 m)

Costs

• Annual Taxes: $14,156.00

Listing Provided by: KELLER WILLIAMS PORTFOLIO REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.