Income Today. Flexibility for the Future.
Welcome to 346 Indian Road Crescent, a rare opportunity to own a detached home in the heart of The Junction, offering immediate rental income and exceptional flexibility for the future. Thoughtfully updated and carefully maintained over the years, this spacious 2½ storey property is currently configured as three self contained units generating approximately $78,000 in gross annual rental income.
Set on a 20.83 x 108.43 ft lot with two car parking off a wide rear laneway, the property offers an appealing combination of character, functionality and long term potential. Each of the three units features a generously sized kitchen and bathroom and its own in suite laundry, with all three units separately metered, creating comfortable and independent living spaces throughout.
The bright main floor one bedroom suite features hardwood floors, a large living room with an oversized east facing window and an open concept kitchen with breakfast bar and plenty of room for dining. The bedroom offers excellent closet space and a walkout to the refreshed deck and backyard. The bathroom features a walk in shower with grab bars, thoughtful additions that make this suite particularly well suited to aging parents or family members with limited mobility. In suite laundry completes the space.
Spanning the second and third floors, the spacious two bedroom suite offers a bright living room and open concept kitchen with breakfast bar and dining area. A second floor bedroom features a large closet and Juliette balcony, while upstairs, the king sized third floor bedroom creates a private retreat with a skylight, multiple windows and generous closet space.
The lower level one bedroom suite is equally well designed, with a large living room, open concept kitchen with breakfast bar, bathroom, storage and a remarkably bright bedroom with two large south facing windows.
What makes 346 Indian Road Crescent particularly compelling is the flexibility it offers for today and for the future. Maintain all three income producing suites, live in one while the others help offset your mortgage, or create a multi-generational home where aging parents, adult children or extended family can enjoy their own independent living spaces while remaining together under one roof. With separate kitchens, bathrooms and laundry, there is an opportunity for each generation to maintain privacy and independence while still having family close by.
For buyers looking further ahead, the property could also be returned to a substantial single family home while retaining the lower level apartment for additional income or extended family. The wide rear laneway and lot offer further potential for a future laneway house, creating the possibility of an additional dwelling, subject to the necessary approvals.
And then there is the location. Just a few doors from Mabel’s Bakery and a short stroll to the cafés, boutiques, restaurants and independent shops that make The Junction one of Toronto’s most loved west end neighbourhoods. The UP Express and TTC are close by, providing easy access downtown, and the property is located within the sought after Humberside Collegiate catchment.
Whether envisioned as an income property, a home shared across generations or ultimately a single family residence, 346 Indian Road Crescent offers the rare flexibility to evolve along with you. Income today, possibilities for tomorrow and an exceptional Junction location to call home.