185 Castlefield Ave, Toronto, Ontario, M4R 1G6
Description
TURNKEY opportunity in Midtown Toronto. Spectacular purpose built Duplex w Legal BSMT Apt offering exceptional versatility for multigenerational living, extended family, or seeking primary residence with added rental units. Owners occupy Bsmt & 2nd FLR - vacating on closing. Projected income $8500/mnth Financials Check Inclusions. Potential Laneway Suite. Toronto living at its finest-walkable, well-connected, surrounded by some of the most desirable top-rated PUBLIC, PRIV & CHS Schools: Allenby, Glenview, North Toronto CI, Bishop Allen Academy, St. Clement's, Havergal College & Marshall Mcluhan.The Green Spaces - Eglinton Park, Lytton Sunken Gardens, just steps away from the multi-use North Toronto Memorial Community Centre. Yonge Street shops, restaurants, cafes, subway & the Crosstown LRT, offer an active lifestyle making it appealing to tenants, families, & investors alike. The inviting main flr features bright, open-concept layout with a modern kitchen, spacious living/dining areas & cozy wood burning fireplace. The upper-level suite with soaring bi-level ceilings paired with a cozy loft retreat create a dramatic architectural feature maximizing space & natural light. Each have access to a private spacious wooden deck, perfect for morning coffee, entertaining, or relaxing among the trees, while the loft showcases unobstructed skyline views. All units thoughtfully designed with each offering its own ensuite laundry & separately metered for hydro with quiet, electric baseboard heating paired in the primary suite with wall-mounted A/C for efficient, localized control. This Meticulously maintained, move-in ready home blends comfort, character & functionality - a rare chance to secure a high-quality, income-generating asset with strong upside for investors & end-users alike. Some homes simply check the boxes. Rarely does a property offer this combination of character, flexibility, scale & future potential. A home with room to live, grow & create your next chapter.
Home Details
List Date
2026-10-14
Style
3-Storey
Type
Duplex
Status
Active
Year Built
UNKNOWN
Features
Bedrooms
3+1
Bathrooms
4
Heating
Baseboard
Cooling
-
Parking
4 Spaces
Appliances & Equipment
Inclusions
3.5% commission to Selling Broker. Wonderful main floor tenant mnth to mnth happy to stay -$2,450/month plus hydro, parking not included. Average rent for 1 bdrm bsmt apt. $1750/mnth, Projected rent for unique 2 storey, 2 bdrm + Den, + 2 bath, + huge deck w retractable awning + 2 car parking(comparable 58 Mcnairn) $4200/mnth plus utilities, Average rent in Midtown area for garage & additional parking spot. $200/mnth Projected income $8500-$8600/mnth plus Utilities. Current Expenses: Utilities 2025-1,085.00/yr. Hydro 2025 approx $6600/yr. Insurance $4,148.28. 200 amp service, 3 Separate meters, 3 fridges, 3 stoves, 3 dishwashers, 3 washers/ dryers. 2 HWT owned, 2nd/3rd floor ductless air conditioning unit, 2 Wood burning Fireplaces, and all electric light fixtures belonging to Seller. Roof 2011. Double garage with 2 additional parking spots. Laneway at rear allows for Garden/Laneway Suite. The Seller and Listing Brokerage do not warrant the retrofit status of the basement apartment.
Exterior
Construction
Stucco/Plaster
Water & Sewer
Municipal
Lot Size
24.77 x 133.78 Feet
Garage
Detached
Taxes
$9K (2026)
Listing Brokerage
Brokerage Name
RE/MAX ULTIMATE REALTY INC.
Samuel Muttiah
Transition Realtor | Canada to Southern California
KW Beverly Hills
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