185 Castlefield Ave, Toronto, Ontario M4R 1G6

Rare opportunity in Midtown Toronto. Spectacular purpose built Duplex with BSMT Apt offering exceptional versatility for multigenerational living, extended family, or seeking a primary residence with added rental units. Owners occupy BSMT & 2nd floor units & are vacating on closing. Projected income $8500/mnth. Laneway access for potential Laneway Suite. Toronto living at its finest- walkable, well-connected, & surrounded by some of the most desirable top-rated public & private schools including, Allenby, Glenview, North Toronto CI, Bishop Allen Academy, St. Clement's, & Havergal College. The Green Spaces - Eglinton Park, Lytton Sunken Gardens, & just steps away from the multi-use North Toronto Memorial Community Centre. Yonge Street shops, restaurants, cafés, subway access the Crosstown LRT, offer an active lifestyle making it appealing to tenants, families, & investors alike. The inviting main floor 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.

Inclusions: Owners occupy basement and 2nd floor units and will be vacating. Wonderful main floor tenant month to month & happy to stay on-$2,450/month plus hydro, parking not included. 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. Utilities 2025-1,085.00/yr. Hydro 2025 approx $6600/yr. 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.