Exceptional investment and income-generating opportunity in the heart of Corktown. Ideally situated with just a five-minute walk to both Queen Street East and King Street East. This property offers outstanding access to public transit, downtown Toronto, and a vibrant mix of restaurants, shops, and amenities. Meticulously maintained over the years by the live-in owner, this legal duplex showcases pride of ownership throughout. The home features two spacious 1.5-storey units, each offering a 1+1 bedroom layout. The main floor unit boasts generous principal rooms with high ceilings, large windows, and an abundance of natural light. The second/third-floor unit mirrors this thoughtful layout and design, and is currently tenanted, providing immediate rental income. Originally built in 1890, this charming Victorian residence blends timeless character with tasteful updates and modern renovations. The open-concept living spaces, impressive ceiling heights, and expansive windows create bright and inviting interiors that appeal to both tenants and end users alike. The lower level includes a fully finished two-bedroom apartment or in-law suite with a separate entrance, further enhancing income potential and flexibility. Estimated gross annual income ranges between $100,000 and $110,000, making this a compelling addition to any investment portfolio. Property features three designated parking spaces - a rare and valuable asset in this central location. Exterior features include a large ground-level deck for the main unit, and a spacious rooftop deck exclusively for the upper unit, both offering exceptional outdoor living space. This is a rare opportunity to acquire a well-maintained, income-producing property in one of Toronto's most desirable and historically rich neighbourhoods.
Address
34 River Street
List Price
$2,699,900
MLS® Status
New
Expiration Date
2026-09-16
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Toronto C08
Sub-Area
Regent Park
Region
Toronto
Bedrooms
4 + 2
Bedrooms (Total)
6
Rooms Above Grade
11
Rooms Below Grade
5
Bathrooms
5
Floor Area
2000-2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
164.4
Lot Size Units
Feet
Lot Width
22.58
Parcel Number
210800288
Occupant Type
Owner+Tenant
Cross Street
Queen Street East/River Street
MLS® Number
C12791164
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Basement Area
Apartment, Separate Entrance
Postal Code
M5A 3N9
Posession Details
TBD
Parking
Private Triple
Parking Places (Total)
3
Parking Spaces
3
Tax Amount
$8,227.00
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle, Flat
Tax Legal Description
LT 3 PL 252E TORONTO T/W CT968437 (FIRSTLY DESCRIBED); CITY OF TORONTO
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 7.95 x 3.49 | Crown Moulding, Pocket Doors, Vaulted Ceiling(s) |
| Main | Kitchen | 5.31 x 5.16 | Combined w/Dining, Laminate, Stainless Steel Appl |
| Main | Bedroom | 4.75 x 3.68 | Cathedral Ceiling(s), Laminate, W/O To Deck |
| Main | Primary Bedroom | 4.78 x 3.25 | 3 Pc Ensuite, Closet, Laminate |
| Upper | Living Room | 9.27 x 5.31 | Combined w/Dining, Laminate, Pot Lights |
| Upper | Kitchen | 2.68 x 2.67 | Backsplash, Laminate, Large Window |
| Upper | Bedroom | 5.05 x 3.38 | 3 Pc Ensuite, Closet, Hardwood Floor |
| Upper | Bedroom | 5 x 4.67 | Broadloom, Closet, W/O To Sundeck |
| Lower | Kitchen | 3.78 x 3.45 | Centre Island, Eat-in Kitchen, Stainless Steel Appl |
| Lower | Living Room | 4.85 x 2.64 | Above Grade Window, Combined w/Kitchen, Laminate |
| Lower | Bedroom | 3.51 x 2.72 | Above Grade Window, Double Closet, Laminate |
| Lower | Bedroom | 4.72 x 2.84 | Above Grade Window, Double Closet, Laminate |