Versatile High Park Home Offers Investment Potential and Character

📅 2 weeks ago

A century-old detached home in High Park, Toronto, combines charm and investment potential, featuring multiple self-contained units and modern updates.

For prospective homebuyers looking for a property that can adapt to their changing needs, flexibility is becoming increasingly crucial alongside aesthetic finishes. The property at 9 Fairview Avenue exemplifies this trend. Nestled on a tranquil residential street in High Park, this detached century-old home functions as both a delightful primary residence and a viable income-generating rental property. With a listing price of $2,199,900, the home covers an area of approximately 2,000 to 2,500 square feet, situated on a 30-foot by 120-foot lot, and is currently configured into three self-contained units. The main floor features an updated suite that is owner-occupied, while separate apartments on the second and third floors, as well as in the basement, offer established rental income.
This unique configuration holds immediate financial appeal for investors seeking revenue, while end users can benefit from the opportunity to offset their carrying costs. Alternatively, the home can be restored to a single-family residence, allowing for a range of possibilities. Throughout the structure, contemporary updates have been harmoniously integrated with original character details that showcase its rich history spanning over a century. Notable features include stained glass windows, warm wood trim, and exposed brick, which collectively preserve the home’s period charm, while refreshed living spaces ensure it is move-in ready for new occupants.
The property also boasts an inviting landscaped backyard. A detached double garage not only provides parking but also includes one bay that has been finished as a versatile flex space, suitable for use as a home office, creative studio, fitness room, or private retreat. This area opens onto a secluded patio, surrounded by mature landscaping and a garden wall fountain, creating an appealing setting for outdoor entertaining or quiet evenings at home.
This listing stands out as a unique blend of character and investment opportunity, offering a level of versatility that is becoming rarer in the city's most sought-after neighborhoods. Whether the next owner opts to continue utilizing it as a multi-unit income property or envisions it as a spacious single-family home, the property is strategically positioned to adapt to evolving needs. Its aesthetic appeal further enhances its desirability.
Location plays a pivotal role in the attractiveness of this home. Located just south of Annette Street, it is conveniently within walking distance of High Park, the TTC subway service, and the vibrant shops, cafés, and restaurants that characterize both Bloor West Village and The Junction. Families will appreciate the proximity to educational institutions such as Humberside Collegiate Institute, Ursula Franklin Academy, and Runnymede Public School.

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