$2,699,900Asking Price
34 River Street, Toronto C08, ON M5A 3N9
Corktown, Toronto
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.
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.
See MoreKey Info
- 2.5-Storey Duplex
- 3 Parking
- No Garage
- Queen Street East/River Street
- 2000-2500 Approximate Sq Feet
- No Ensuite Laundry
- Forced Air Gas Heating
- Central Air
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $8,227 in 2025
- Possession: TBD
Details
- Brick Exterior
- No Fireplace
- 3 + 1 Kitchens
- MLS #C12791164
- RE/MAX HALLMARK REALTY LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 17.42' x 16.93' | Combined with Dining, Stainless Steel Appliances, Laminate |
| 2 | Kitchen | Upper | 8.79' x 8.76' | Laminate, Backsplash, Large Window |
| 3 | Kitchen | Lower | 12.40' x 11.32' | Eat-in Kitchen, Centre Island, Stainless Steel Appliances |
 | 1 3-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom on Main Floor | |||
| 1 2-Piece Bathroom on Upper | |||
| 1 3-Piece Bathroom on Upper | |||
| 1 4-Piece Bathroom on Lower | |||
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Who lives here?
Corktown, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives and business, science, education, law & public sector and arts & culture professionals. Residents tend to be younger with a significant number of adults aged 25 to 44.
Families
Kids Per Family
0.6
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
59%
of residents are
single and loving it.
59% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
59%
of residents
are renters.
59% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
57%
of residents are
university grads.
57% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$135K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Business | 14% |
| Sales | 14% |
| Management | 12% |
| Government | 10% |
| Culture | 10% |
Immigrants
30%
of residents were
born outside of Canada.
30% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
2.9% from Caribbean
All-time
Birthplace - Recent
1.1% from Pakistan
Recent
Foreign Languages
Foreign Languages
| French | 3% |
| Cantonese | 3% |
| Spanish | 2% |
| Tagalog | 1% |
| Mandarin | 1% |
Religions
Religions
| Christian | 44% |
| Jewish | 3% |
| Muslim | 3% |
| Hindu | 1% |
| Buddhist | 1% |
Social Housing
Social Housing Buildings
6
Social housing buildings
in the neighbourhood.
Shelters
Shelters
3
Homeless shelters in
the neighbourhood.
