Welcome to
27 Glen Elm Ave
Yonge & StClair
About
Welcome to an area of elegant, convenient urban living combined with exceptional investment/income opportunity in the heart of Toronto at Yonge and St. Clair. This rarely offered, "must see", turn key renovated, multiplex home combines luxurious finishes with open kitchen designs for natural light flow and many thoughtful upgrades including snowmelt front steps, premium finishes, rare private driveway with 4 garages, and sunny south facing decks for summer meals and cocktails.
Situated in the highly sought-after, walkable Deer Park area, the lovely 5-plex property is just a 2-minute stroll to the subway, shops, ravine, and beltline. Near prestigious neighborhoods of Rosedale, Summerhill, and Forest Hill, it offers a thriving hub of urban living for residents.
Originally the home of former Ontario Minister of Health Dr. Robert (Bob) Elgie for nearly 60 years, this lovingly updated 1926 building now provides over 5,000 sq ft of comfortable, bright living space. With 5 suites it offers flexible use for multi generational families, home office use, co-ownership, a pied-à-terre with lucrative rental income for debt service, or for investors to rent all five units earning full market rents based on vacant possession.(4.5+ cap rate).
Enjoy the convenient walkability to the subway, three major grocery retailers, restaurants, sports/tennis clubs and well respected public and private schools. It's a must see home. When you do see it you will also experience some of the latest works from the Sapien Art collection on linen by Canadian Artist, William Lameire.
See Top 6 Reasons Why a Buyer May Consider Purchasing the property.
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Offered at $5,450,000. * Brokerage Cooperation
Contact for further information or Floor Plans
647-799-4080
Download brochure here
Offered at $5,450,000. Contact for further information or Floor Plans
Gallery
Yonge & St. Clair
6 Reasons To Consider Purchasing 27 Glen Elm
GREAT LOCATION - GREAT OPPORTUNITY
6 Reasons why
6 Reasons To Consider Purchasing This Property
1. Premium Location
Nestled amongst Toronto's most prestigious neighborhoods, of Rosedale, Summerhill and Forest Hill, this Deer Park multiplex home at 27 Glen Elm Ave. is a 2 minute walk to Yonge & St. Clair subway. With a walk score of 94 daily errands don't require a car. Enjoy a peaceful residential setting with access to ravine/walking trails, grocery retailers, fitness/tennis clubs, restaurants , and banks. Enjoy a brief walk to Yorkville as well as renowned public and highly rated private schools.
2. Fully Renovated
A "must see" turn key property! Meticulously renovated 5plex with bright open designs for natural light. Each unit offers modern amenities and stylish finishes, ensuring comfortable living. The foodie owner's suite is a stunning chef's delight with Wolf/Subzero/ Bosch appliances and quarzite counters. Open concept kitchens, new boilers, radiant heat, all new electrical and plumbing, new gas fireplaces, heated fooring in some units, snowmelt system in natural stone front steps and more. Ideal for multi-generational families, rental income, co-ownership and investment.
3. Vacant Possession
Vacant Possession Flexibility. Without the need to process existing tenants, this property provides the perfect canvas for a buyer's vision of personalized use and/or blended investment opportunity at market rents.
4. Premium Rental Profit.
Utilize one or more units for personal residential/home office use, while using others as exceutive rentals or rent all to maximize rental income. ie. A buyer seeking 2300 sq. ft may easily use the 2nd and 3rd floors with existing shared staircase, as the existing owners do, while renting the other units/garages to earn $10-12k/month. With several corporate offices and no hotels nearby the result is an opportunity to use as an income property of mid term rentals (3 months+). Approx 4.5+cap - $250+K/yr. (Ask about the performa rent roll and a unique rental strategy to maximize returns. Optional furniture incl.)
5. Capital Appreciation
The Yonge and St. Clair area is expected to continue to benefit from current/future planned upscale development and land assembly along the high demand Yonge St. corridor. A condominium in the area currently under development is selling at $2800+ per sq ft. Potential to increase NOI with an additional 1-2 bedroom garden suite for added value and income.
6. Possible Commercial Mortgage
Compare commercial mortgage programs with residential for your best financing options. Commercial lenders generally start at five or more units and may offer CMHC longer amortization and as well construction loans when approved for added garden suite.
The area
Property & Suite Features
- This completely renovated 5plex includes radiant heat throughout with many property and suite specific features. Many functional uses as a rental income investment or multigenerational home with separate space for home office and adult children.
Property features include:
- Fully renovated with City of Toronto permits. - 5 Legal Suites
- New custom open concept kitchens with new appliancs
- Natural stone heated front steps/walkway with snowmelt eliminates winter snow shovelling.
- Private driveway with 4 separate garages at rear ( a rarity in mid town Toronto)
- All units have efficient radiant heat (some in floor)
- Hard wired video intercom door opener allows convience when guests are visiting or receiving deliveries. See who's calling from the entrance and simply push the screen from your respective suite to let them in.
- 2 minute walk to Yonge/St. Clair subway, restaurants, shops, ravine etc
- New eaves/ gutters with leafguard installed which means no cleaning of leaves from gutters.
- New mechanical room with Navian tankless boilers and mixing tank (owned) ensures efficient heating and domestic water supply while allowing access for trades to service HVAC equipemt without interrupting residents
- All new electrical and plumbing upgrades
- All (7) new washrooms incl. premium Riobel fixtures, rain head showers etc.
- All rads have thermostatic valves
- Two Navian 150K BTU Boilers offer efficient heat and domestic water supply.
- 2 new gas fireplaces
- New appliances
- 2 Velux Skylights
- Chef inspired custom owner's kitchen with Wolf, Subzero, Bosch appliances , and quartzite countertop
- Efficient LED lighting
- In suite laundry
- Automated landscape lighting
- Private outdoor decks
- 6 Security Cameras
- 5 Legal units (some easily combined) and 5 Hydro meters
- Private outdoor decks
- Separate heating zones for all units
- New eaves with leaf protection gutter guards
- All new plumbing and drains along with back flow valve installation.
- HRV units in lower level units ensure fresh air circulation.
- Main Floor Spacious 2 bedroom
- Luxurious and spacious approx. 1550 sqft.
- Custom cabinetry, eat in kitchen with quartz counters, patio doors walk out to sunny south facing deck for morning coffees or evening BBQ entertaining.
- Enjoy the separate open concept family room with original exposed brick wall accents.
- Enter the private living room through the 8' custom oak French doors, with cozy gas fireplace and office in this large suite.
- Storage is made easy with custom built in closets with drawers in each of the two bedrooms.
- In suite washer and dryer.
- 12,000 BTU Ductless AC system
- Luxurious spacious approx. 1550 sqft. similar layout to the main floor with the difference of space used for an expansive one bedroom with premium features as an owner's suite.
- Large chef's kitchen with quartzite counters, custom designed cabinetry, premium appliances such as Wolf gas cooktop, Subzero fridge, and Wolf dual convection wall oven
- Enjoy summer meals on the quaint sunny 2nd floor deck south facing (walk out from the kitchen)
- Enjoy the soothing ensuite - glass tile, with double sink, rain shower, and heated Italian tile floor
- In suite washer and dryer.
- Walk in closet with custom cabinetry and makeup table.
- Open concept kitchen family/ dinning room. Separate living room with gas fireplace, custom oak french doors make this unit an ideal owners suite that allows for work from home.
- Specially designed AirMax AC system
- Shared staircase with the 3rd floor unit allow the two units to be easily combined if desired.
3rd Floor Bright cozy 1 bedroom suite
Bright , cozy 1 bedroom suite (approx 700sf) with west facing skylights for lovely sunsets- Private walk out deck with all day south facing sunshine, updated washroom and kitchen
- In unit washer/dryer
- 12,000 BTU Ductless AC system
Lower level - 2 Bedroom Suite
- Cozy 2 bedroom suite with custom kitchen with quartz counters and breakfast bar
- Custom closets for great storage storage
- Radiant heated floors make this unit cozy in the winter
- In unit washer/dryer
- HRV fresh air circulation system
Lower level - Bachelor Suite
- Cozy bachelor suite with custom kitchenette with quartz counters
- Original exposed brick wall accent.
- Radiant heated floors make this unit cozy in the winter
- HRV fresh air circulation system.
- Ideal as a short term rental, office or personal gym/studio.
Click here to See Picture Gallery
Click Here for Brochure
Download floor plans here.
Featuring some artwork by Canadian artist, William Lameire.
Viewing/Open House Invitation
Principals/Agents/Brokers join us for a weekday open house (12:30noon-2:30pm) featuring the latest works from the Sapien Art collection on linen by Canadian Artist, William Lameire.
To be notified of other Open House dates, please add your email below.
To check availability and reserve a viewing time on our calendar click below.
Brochure
Thank you for your interest in the 5Plex at near Yonge St and Glen Elm Ave.
You may download a brochure overview below
Premium Features and Area
Renovated 5 plex
This renovated 5plex includes radiant heated flooring throughout lower level units and the front steps/walkway. No shovelling required for new natural stone front steps with snowmelt radiant system and industrial sensors. Enjoy a large private driveway with 4 garages at rear and flexible mix of 5 Suites -2 x2 bdrm, 2 x 1 bdrm, 1 Bachelor Suite.
Great lot near Yonge and St. Clair
Nice urban lot near Yonge/St. Clair subway (43 x 120') adjoining the land of the wonderful architecture of Yorkminister Baptist Church on Yonge St. Walking distance to grocery retail brands - Loblaws, Farm Boy and Longo's. Just a few blocks away from the subway and future Yonge St. Clair Place development, health clubs, and notable restaurants.
Detached garage building with 4 existing garages - with potential for garden suite application.
Room for rear garden suite above garages.
Floor Plans
Contact
Three units are vacant and two are owner occupied and so flexible to accommodate viewing appointments.
Preferred private viewing times if possible are M-F 10am-6pm. On weekends flexible after 11am.
To check availability and reserve a viewing appt. on the Calendly Calendar Click here.
Alternatively, feel free to text/call with any questions. 647-799-408(zero)