$1,889,000 - 8 Grafton Avenue, High Park
Multi-Family for Sale in High Park
- MLS Number
- W13169610
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 16
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- High Park / Junction / Roncesvalles
- Listing Brokerage
- RE/MAX ULTIMATE REALTY INC.
Welcome to 8 Grafton Ave - a fully renovated, turnkey duplex in the heart of trendy Roncesvalles offering exceptional flexibility for investors, end-users, and multi-generational families alike. Renovated back to the studs in 2018, including interior finishes, mechanical systems, and roof, this stylish income-producing property blends modern functionality with strong long-term value in one of Toronto's most sought-after west-end neighbourhoods. Featuring two self-contained suites, each unit offers separate mechanical systems and front-load laundry, creating efficient day-to-day living and simplified property management. The property offers two spacious 4-bedroom, 2-bathroom suites and generates nearly $100,000 in gross annual rental income, making it an exceptional opportunity for investors or owner-occupiers looking to offset their mortgage. One unit is currently vacant, providing immediate flexibility for buyers looking to move in themselves or secure a new tenant at current market rents. The walk-out basement is already roughed in for a kitchen, making conversion to a triplex a straightforward opportunity for those looking to further maximize income potential. The upper-level suite showcases a bright open-concept layout with wide plank flooring, exposed brick accents, striking architectural beam details, and a beautifully updated kitchen complete with stone countertops, stainless steel appliances, custom cabinetry, and a centre island ideal for entertaining. Spacious bedrooms, updated bathrooms, and a private upper deck create a warm and contemporary living space filled with character. Located just moments from Roncesvalles Village, High Park, transit, cafes, restaurants, boutique shopping, and approximately 15 minutes to Toronto's Financial and Entertainment Districts, this is a rare opportunity to own a fully updated duplex with excellent rental appeal in one of Toronto's most vibrant communities.
Estimate your monthly payments for this property
Estimated Payment
$8,355.68/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover High Park / Junction / Roncesvalles
High Park / Junction / Roncesvalles is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in High Park / Junction / Roncesvalles
- •Convenient location in High Park / Junction / Roncesvalles
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
High Park / Junction / Roncesvalles offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
8 Grafton Avenue, High Park / Junction / Roncesvalles
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $756/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in High Park.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: High Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,871 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.