Income potential – 150 Indian Rd, High Park-Swansea

This detached red brick Edwardian on a 33.16 x 141.85 ft. lot features 8+2 bedrooms, 5+1 bathrooms, and 5 parking spaces.
Currently set up as 6 separate apartments, with four 2-bedroom units (one as a third floor loft) and two 1-bedroom units, this space could be an income-producing gem or with some serious TLC, could be revitalized into something special as a single family home. While we prefer a more modern aesthetic ourselves, we could get on board with a full gut and restoration of this Edwardian.
The asking price of $2,299,000, seems fairly reasonable to us given the ‘hood (and in spite of the required renos).
The listing boasts that it accrues “$101,000 Gross Income With Room To Grow“. No carrying costs were specified, though the listing does note that an income and expense statement is available upon request. For those debating retaining the income-producing apartments, the space features 6 fridges, 6 stoves, and a coin operated washer and dryer. Though if it were up to us, we’d be updating some (read: all) of those apartments asap. For safety purposes, there are also staircases located at the side and back of the home (egress points for the win!).
The rad looks like its ready for a replacement… Yikes!
A little reno could go a long way in this space.
If converting back to a single family home, you could definitely make use of this massive space to create a private yard.
Whether the apartments are retained or this beauty is returned to its single family home glory, there’s something just about this High Park-Swansea beauty that we’re on board with.
Verdict: SOLD

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