$2,089,000 - 2 Afton Avenue, Downtown Toronto
Multi-Family for Sale in Downtown Toronto
New — Listed yesterdayNeighbourhood: Little Portugal
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- MLS Number
- C13787578
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 1
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Beautifully renovated LEGAL 4-plex in the heart of Little Portugal! Tucked away on a quiet street yet steps away from the best of Toronto, this gorgeous property offers an Exceptional Investment opportunity with timeless character and modern updates. This heritage bay-and-gable style property features top-quality finishes including crown moulding, stained glass, hardwood floors, granite kitchen countertops, copper downpipes and eavesthroughs, and beautiful exposed brick! Soaring ceilings on the ground floor and a vaulted third-floor ceiling create bright, impressive living spaces. The main, second and third level apartments enjoy their own private outdoor spaces and feature gas stoves, with gas fireplaces on the main and second floors. There's even a view of the CN Tower from the 3rd floor deck! Renovated electrical and plumbing systems meet current needs, while important fire-code safety features include a manual fire alarm pull station, fire extinguishers, exit signs, fire doors, self-closing hinges, and interconnected smoke and carbon monoxide detectors. Shared coin laundry adds convenience. The property has four separate hydro meters, with the house and basement jointly metered, plus two parking spaces. Market-price rents provide provide strong income in this well-maintained property! Perfectly located between Dundas Street West and Queen Street West, this home is a short walk to Ossington St, Trinity Bellwoods Park and surrounded by outstanding restaurants, cafes, shops, and nightlife. Easy access to the Dundas and Queen streetcars makes getting around effortless. A rare combination of heritage charm, turnkey condition and income generation in one of Toronto's most vibrant neighbourhoods!
Estimate your monthly payments for this property
Estimated Payment
$9,240.35/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Little Portugal
Little Portugal is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Little Portugal
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Little Portugal offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
2 Afton Avenue, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $2984/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Little Portugal
I know Little Portugal well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.