A Terrific Duplex On Tennis Crescent In Riverdaleoffered at $899,000
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Every so often a Rubik’s Cube of a property comes available that excites us to no end. Which is exactly the case with this circa 1960s purpose-built duplex in highly-coveted Riverdale, just steps to Broadview and Danforth.
Under a canopy of mature trees, this swell dwell is located south of The Danforth just east of Broadview on Tennis Crescent. It’s perfect for those who embrace the outdoors, given it’s pretty much across the street from Riverdale Park, a large green space spanning the Lower Don River. This park has recreational fields for soccer, baseball, and Ultimate Frisbee on both sides of the river. There is also a swimming pool, tennis courts and outdoor hockey rink to the northeast, and a running track in the centre. Plus the best tobogganing in the City! A footbridge crosses the Don Valley Parkway and the river to joins the two sides of the valley as well as the Lower Don Recreational Trail (biking anyone?) that follows the river. How perfect to unwind with your family during a particularly hectic day!
It’s also uber-accessible! If your life requires an automobile commute, driving 3 minutes south on Broadview to Dundas will connect you north via the Don Valley on-ramp, and further south to Lakeshore will find you driving west on the Gardiner Expressway. If your life is predominantly auto-free, the 504 King and 505 Dundas streetcars stop at the end of the street, you’re only a short stroll to the Broadview Subway station and there’s a ZipCar location four blocks away at 720 Broadview.
This home is situated in a neighbourhood village which celebrates a walking life. It’s steps to a Loblaw’s grocer which is open from 8am-10pm, plus there’s a myriad of sundry, home furnishing and fashion retailers on The Danforth – not to forget liquor store, cafes, pubs and organic Carrot Common! And for those of you with – or planning – children, this home sweet home is in the much-loved Withrow Avenue Junior Public School catchment district.
If having one park twenty steps away isn’t amazing enough, the property is also located just west of lush Withrow Park, a 21-acre green space dating from the 1910s. One of Toronto’s larger multi-purpose parks, it boasts an off-leash dog area, a fenced and dog-free children’s playground and summer wading pool, a clubhouse for indoor classes and community group use, a weekly summer farmers’ market, plus plenty of outdoor space for sports and recreation including tennis, hockey, baseball and soccer. And with large pockets of naturalized areas and gardens, there’s plenty of space to find respite from the day-to-day ravages of urban life. It certainly adds to the charm of this dynamic family-friendly area, making it one of the city’ most coveted neighbourhood villages. How amazing is that?
Constructed of concrete block and brick, this solid spacious 2-unit dwelling is bursting with opportunity, either in its current configuration or by transforming it into a more elevated use that will serve the needs, wants and wishes of a next generation of occupants. Having a generous 23 x 125 foot lot, the front elevation has a wide-private drive that can accommodate at least two vehicles (or more depending on their size) plus a former double garage which is now an oversized one car garage with storage. How rare to find three-car parking! The lower level also has a common laundry/utility area with a separate rear entrance, plus a large storage room with a window. This lends itself into the conversion of additional living space with tremendous ease.
The main level unit, which will be vacant as of July 1st, was originally configured as a two-bedroom suite but is currently an open plan one bedroom. Renovated by a previous owner so the dwelling could serve their single-family needs, this unit could be restored into a two-bedroom suite with private garden sanctuary. It currently features original hardwood floors, an updated washroom and a generous kitchen with gas cooking and a walk-out to a deck and oversized garden. If you’re seeking a healthy income-supplement, or you require well-proportioned living quarters for a parent or adult child, this could be exactly the right opportunity.
The upper level unit, rented at $1850 per month plus utilities on a month-to-month basis, is showcased in the photos here. It has a renovated kitchen with gas cooking, an upgraded 4-piece washroom, 4 solatubes which provide additional natural light, and walk-out to a deck which was constructed just a few years ago with permit. The unit features an efficient renovated kitchen with gas cooking, an upgraded washroom, and two well-proportioned bedrooms with wood floors. It’s well-suited to an owner-occupant as-is, though we wouldn’t be surprised to see the next Buyer potentially expand this up and out into a luxury residence.
Whether you’re seeking an income-property, a residence with an income-supplement or multi-generational accommodations, or an opportunity to create your one-of-a-kind Dream Home, this is a rare opportunity indeed! After all, with its generous lot, multiple-parking and Triple AAA locale, there’s no limits on what the highest and best use of this property might be.
Want to learn more about Riverdale? Want to learn more about the neighbourhood and its amenities? Here’s our Neighborhood Page on Riverdale including our flavour video, the city census data on the area, plus several past blogs on area amenities!
Could it be the ideal opportunity for you?
Contact Steve@urbaneer.com for more info!