31 Fortieth Street, Toronto, ON M8W 3M8

Property Description

Homes like this almost never come to market in Long Branch. A legal duplex built for multi-generational living or an incredible investment opportunity for a savvy investor. Perched on a 50 x 115.5 ft lot steps from the lake, with extremely solid bones and enough space to truly support multiple households this property has plenty of options. Parents, adult children and extended family can each have their own space under one roof, including their own laundry, with room to come together when they want to. The main floor is a 3-bedroom, 2-bathroom suite with hardwood floors, an open kitchen and dining area, and a sunken living room framed by a wall of windows. The upper unit offers 5 bedrooms and 3 bathrooms across the second floor and loft. The second floor has hardwood floors, a bright living room and a large eat-in kitchen with a walkout to the back deck. The loft holds the primary bedroom with its own ensuite and jacuzzi tub, plus a huge bonus room under skylights for a family room, office or studio. The basement adds even more space, with potential for a third suite or added living area for the main floor unit with 9ft ceilings. Equally compelling as an investment, with two legal units in place today, each separately metered with its own laundry, plus potential for a third (subject to City approvals). Planning a renovation? The central plumbing stack keeps layout changes simpler and costs more predictable, and the structure gives you a strong starting point. Brick exterior, decks off the back, and a built-in double garage plus driveway parking for approx. 4 more cars. Set in a quiet pocket near the water, it's a short walk to Marie Curtis Park, one of the best parks in the city, with its beach, volleyball courts and dog park. Walk to Long Branch GO and the restaurants on Lake Shore, with quick access to the 427, the Gardiner and Pearson Airport.