$1,950,000Asking Price
109 Gloucester Street, Toronto C08, ON M4Y 1M2
Church and Wellesley, Toronto
Rare opportunity to acquire a Legal Tri-Plex in the heart of Downtown, with potential to easily convert to a 4 PLEX. Numerous large-scale developments in the area. Huge upside potential as there is a high-probability for this property to be included in a land-assembly for future area development (various options currently being discussed). Property needs work and offered in an As-Is condition, however can be renovated into 3-4 beautiful rental units commanding $120k-$150k/year revenue. Many original character features include exposed brick throughout, soaring-high 10ft ceilings on the Main & Second Floors and 9Ft ceilings on Third floor, crown-moulding & trim work, original front door, etc. Front pad parking has been in continuous use for over 60 years (contact Listing agent for info on parking).
Rare opportunity to acquire a Legal Tri-Plex in the heart of Downtown, with potential to easily convert to a 4 PLEX. Numerous large-scale developments in the area. Huge upside potential as there is a high-probability for this property to be included in a land-assembly for future area development (various options currently being discussed). Property needs work and offered in an As-Is condition, however can be renovated into 3-4 beautiful rental units commanding $120k-$150k/year revenue. Many original character features include exposed brick throughout, soaring-high 10ft ceilings on the Main & Second Floors and 9Ft ceilings on Third floor, crown-moulding & trim work, original front door, etc. Front pad parking has been in continuous use for over 60 years (contact Listing agent for info on parking).
See MoreKey Info
- 2.5-Storey Triplex
- 1 Parking
- No Garage
- Jarvis & Bloor
- 3000-3500 Approximate Sq Feet
- No Ensuite Laundry
- Radiant Gas Heating
- A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $9,916 in 2025
- Possession: 30 days / TBA
Details
- Brick Exterior
- Fireplace
- 3 Kitchens
- Designation: Heritage
- MLS #C12481572
- REAL ESTATE HOMEWARD
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Ground | 20.34' x 15.09' | Walkout To Garden, Large Window |
| 2 | Den | Ground | 15.09' x 6.56' | Walkout, Hardwood Floor, Large Window |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
Church and Wellesley, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives, business, science, education, law & public sector and arts & culture professionals and salespeople. Residents tend to be younger with a significant number of youth aged 20 to 24 and adults aged 25 to 44.
Families
Kids Per Family
0.3
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
64%
of residents are
single and loving it.
64% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
76%
of residents
are renters.
76% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
67%
of residents are
university grads.
67% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$89K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 16% |
| Business | 15% |
| Government | 11% |
| Sciences | 9% |
| Management | 9% |
Immigrants
36%
of residents were
born outside of Canada.
36% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
3.5% from India
All-time
Birthplace - Recent
1.5% from India
Recent
Foreign Languages
Foreign Languages
| Mandarin | 4% |
| French | 4% |
| Spanish | 3% |
| Korean | 2% |
| Cantonese | 2% |
Religions
Religions
| Christian | 44% |
| Jewish | 4% |
| Muslim | 3% |
| Hindu | 3% |
| Buddhist | 2% |
Social Housing
Social Housing Buildings
4
Social housing buildings
in the neighbourhood.
Shelters
Shelters
4
Homeless shelters in
the neighbourhood.
