35 Columbine Avenue Toronto

Toronto home selling for under $2 million comes with plenty of income potential

If you're looking to become a Toronto landlord in 2025 (because we all need goals), then 35 Columbine Ave. might just be the perfect fit. 

35 Columbine Ave. is a professionally maintained semi-detached triplex smack in the middle of the Beaches. 

And unlike many triplexes that have hit the market lately, which are either in not-so-great shape or outrageously expensive, this is one that sits squarely in the Goldilocks zone of triplexes. 

35 Columbine Avenue Toronto

The living room in the main floor unit. 

Listed for $1,689,000, 35 Columbine Ave. offers three self-contained units that are a great blend of original charm and modern updates. 

35 Columbine Avenue Toronto

The bedroom of the main floor unit. 

The main floor unit is a one-bedroom, the basement is a studio and the upper two floors of the house are a two-bedroom apartment. 

35 Columbine Avenue Toronto

The kitchen in the main floor unit. 

The main floor unit has original hardwood floors, a fireplace in the living room and a spacious kitchen with plenty of storage and newer appliances. 

35 Columbine Avenue Toronto

The dining room of the two-bedroom apartment. 

The two-bedroom unit has had the most renovations done to it. 

35 Columbine Avenue Toronto

The two-bedroom apartment kitchen. 

The kitchen looks recently updated, and there are new floors throughout. 

35 Columbine Avenue Toronto

A small office area in the two-bedroom apartment. 

Also, while it is a two-bedroom, it could potentially be a three-bedroom as there's a small room off the kitchen that is currently being used as an office. 

35 Columbine Avenue Toronto

The basement apartment. 

As for the basement unit, it is just a studio, but it is definitely one of the nicer basement units available in a city where hallways are rented out for $900 a month

35 Columbine Avenue Toronto

The kitchen in the basement unit. 

It could still use some updates, namely in the kitchen and bathroom if you wanted to get top rental dollar for it. 

35 Columbine Avenue Toronto

The basement unit bathroom. 

Currrently, the basement unit is the only tenanted unit at $1,000 a month, which, as realtor Anthony Gallippi told blogTO, is below market rate. 

35 Columbine Avenue Toronto

The living room in the two-bedroom unit with a fireplace. 

The other two units are vacant and could be rented out at market rate, which would be an easy lift to find tenants since the location is top-notch. 

35 Columbine Avenue Toronto

One of the bedrooms in the two-bedroom apartment. 

This means, according to the latest figures, you could be making $3,115 a month for the two-bedroom and $2,385 for the one-bedroom unit. 

35 Columbine Avenue Toronto

The second bedroom in the two-bedroom apartment. 

And if you did get the market rate for the basement studio, you could be looking at almost $90,000 in rental income. 

35 Columbine Avenue Toronto

The bathroom in the main floor unit. 

It's also a good investment if you look at the bigger picture. 

35 Columbine Avenue Toronto

The living room in the two-bedroom unit. 

Semi-detached houses in this neighbourhood can sell for well over $2 million, with the average sale price hitting around $1.6 million. 

35 Columbine Avenue Toronto

The kitchen in the main floor unit has a dishwasher. 

Further, property values have gone up three per cent in the last 12 months. 

35 Columbine Avenue Toronto

The backyard has three sheds for storage for each unit. 

Also, in a buyer's favour is the fact that 35 Columbine Ave. has been sitting on the market since July.

35 Columbine Avenue Toronto

The back of the house. 

In other words, the owner is probably more willing to negotiate and sell for below asking. And who knows, 'tis the season of giving!

Photos by

realtor.ca


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in Real Estate

Ontario roller rink could soon be demolished for huge new development

Toronto home selling for under $2 million comes with plenty of income potential

These Toronto areas were most likely to have a bidding war this past year

Charming century-old Toronto home is selling for cheaper than you'd expect

Cute Toronto home sells for way above asking price in under a week

Award-winning home in exclusive Toronto area drops price by $1.4 million

Here's what experts predict will happen to Canada's housing market next year

Mountain range-shaped condo shaping up to be like nothing else in Toronto