This Toronto house was divided by landlord into 15 separate units
As Toronto grapples with a housing crisis, one landlord has decided to divide a single house into 15 separate units.
The red brick Annex house, coined “The Grand Old Lady,” is located on 55 Madison Avenue, near Bloor Street and Spadina Avenue.
55 Madison Avenue (Julian Mendl/ Toronto-Pix). The three-storey property is currently for sale, listed for $5,395,000.
Real estate agent Les Wallace told CTV News Toronto that whoever buys it has the potential to pull in a net yearly income of $208,782.
Wallace said four of the units in the Annex house are one-bedroom suites, while the remaining 11 are studio apartments.
The detached Victorian-style house was first constructed in 1896, which is captured in the house’s semi circle arches and rusticated stone foundation, according to Architectural Conservancy Ontario.
55 Madison Avenue (Julian Mendl/ Toronto-Pix). The ACO lists Samuel Platt as the first owner of the house who served as a city councillor from 1845 to 1851.
The property listing details that eight of the units are recently renovated with photos displaying white paneled splash boards and new kitchen appliances in those spaces.
The 50 by 126 foot lot also includes a private driveway with a detached garage.
CTVNews.ca Top Stories
For the first time in report's history, Canada's air quality worse than U.S.
Thanks to wildfires, air quality in Canada is now worse than in the U.S., according to the 6th Annual World Air Quality Report.
A newspaper says video of Prince William and Kate should halt royal rumour mill. That's a tall order
Prince William and his wife Catherine have been filmed at a farm shop near their Windsor home, The Sun newspaper reported -- the first footage of Kate since she had abdominal surgery for an unspecified condition two months ago.
'You ask for your money, they disappear': Ontario man loses $17K to AI crypto scam
A Toronto man is spreading the word of a cryptocurrency scam that lures victims using AI-generated news sites after he lost $17,000 in investments.
DEVELOPING Canada's annual inflation rate ticked down to 2.8 per cent in February, defying expectations
Statistics Canada says the annual inflation rate edged down to 2.8 per cent in February.
Hertz CEO out following electric car 'horror show'
The company, which announced in January it was selling 20,000 of the electric vehicles in its fleet, or about a third of the EVs it owned, is now replacing the CEO who helped build up that fleet, giving it the company’s fifth boss in just four years.
High thoughts: The habits of Canadian cannabis users are revealed in a new StatCan report
Statistics Canada has conducted a series of surveys to measure the impacts of legalized cannabis since the Cannabis Act took effect in 2018. The latest one, the 2023 National Cannabis Survey, sheds light on users' preferences and habits last year.
Demand soars for solar eclipse glasses in Canada. Are they worth buying?
The demand for total solar eclipse glasses used to safely view the rare celestial event has been ramping up as sellers, along with astronomy and eye-care experts in Canada, warn that viewing the eclipse with the naked eye is dangerous.
Trump says Jews who vote for Democrats 'hate Israel' and their religion
Former U.S. president Donald Trump on Monday charged that Jews who vote for Democrats 'hate Israel' and hate 'their religion,' igniting a firestorm of criticism from the White House and Jewish leaders.
Toronto family doctor who called patient's body 'perfect' suspended for 3 months: tribunal
A family doctor in Toronto has been suspended for three months after a disciplinary tribunal found that he failed to follow proper protocols while examining a patient's breasts and made inappropriate comments about her body.