Price: $1,780,800
Location: 143 Parkmount Rd, Toronto, ON M4J 4V3
Nestled in the coveted Greenwood-Coxwell neighborhood, consistently ranked among Toronto’s top 10 areas, 143 Parkmount Road offers the very best of east-end Toronto living. This welcoming community features charming tree-lined streets, generous lots, and a strong sense of belonging.
Residents enjoy easy access to Monarch Park’s fantastic amenities, including a pool, skating rink, and dog park, alongside top-rated schools like Monarch Park Collegiate and École Secondaire Michelle-O’Bonsawin. The vibrant Danforth, known for its lively Greektown heritage, is just moments away, offering an array of world-class restaurants, cozy cafes, unique shops, and convenient subway access. Parkmount Road itself stands out with its wide sidewalks, green boulevards, and generous setbacks, creating a peaceful, walkable environment perfect for families and professionals alike, blending urban convenience with true neighborhood charm.
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This property immediately captivates as a stunning, updated detached home, presenting an inviting presence on its peaceful street. The main residence offers approximately 1100 – 1500 sq ft of sophisticated living space.
Inside the main home, you’ll discover a sleek designer kitchen that combines style with functionality, and a spa-inspired bathroom that offers a tranquil escape.
Beyond the main living areas, this property is a true goldmine. It boasts a rare legal triplex setup, featuring two well-appointed basement suites that currently generate over $3,000 per month in rental income. This significant cash flow is a game-changer for investors or those seeking to offset mortgage costs.
But the income story doesn’t stop there. The property also includes a massive 20×40 detached garage, brilliantly converted into a finished studio. This versatile space comes complete with HVAC for year-round comfort and its own 3-piece bathroom. Currently thriving as a professional music studio, it has a proven track record as an Airbnb Superhost, bringing in over $60,000 annually. Combined, the total annual rental income from this property exceeds an astounding $90,000!
I have never come across a home with 2 legal basement suites generating so much income. Or a place with such a huge garage. Lots of really unique features of this property. Ideal for someone looking to benefit from a huge mortgage subsidy wile living in a very beautiful home.
– David Johanns
The flexible layout and multiple income streams make this property ideal for those looking to upsize, invest strategically, or create a comfortable multi-generational haven. The additional suites provide options for extended family, live-in support, or continued rental revenue.
Beyond its impressive income capabilities, the home offers an expansive outdoor oasis, perfect for relaxation and entertaining, complete with a luxurious hot tub. Furthermore, this property presents exciting future equity opportunities with available plans for a potential garden suite, allowing for even more expansion and customization.
143 Parkmount Road isn’t just a home; it’s a strategic investment in a highly desirable Toronto neighborhood. It offers a rare blend of updated living, significant passive income, and incredible versatility, all nestled in a community celebrated for its amenities and charm.
This is a unique chance to secure a property that truly works for you, whether as a personal residence, a robust investment, or a versatile family compound. This exceptional property is offered at C$1,780,800.
Interested in finding out more? Please contact David Johanns at 888-311-1172 or david@homewithjohanns.com
