185 Castlefield Avenue
Toronto C03, ON
- 4 bed
- 4 bath
- approx. 2000-2500 sqft
- Duplex
TURNKEY opportunity in Midtown Toronto. Spectacular purpose built Duplex w Legal BSMT Apt offering exceptional versatility for multigenerational living, extended family, or seeking primary residence with added rental units. Owners occupy Bsmt & 2nd FLR - vacating on closing. Projected income $8500/mnth Financials Check Inclusions. Potential Laneway Suite. Toronto living at its finest-walkable, well-connected, surrounded by some of the most desirable top-rated PUBLIC, PRIV & CHS Schools: Allenby, Glenview, North Toronto CI, Bishop Allen Academy, St. Clement's, Havergal College & Marshall Mcluhan.The Green Spaces - Eglinton Park, Lytton Sunken Gardens, just steps away from the multi-use North Toronto Memorial Community Centre. Yonge Street shops, restaurants, cafes, subway & the Crosstown LRT, offer an active lifestyle making it appealing to tenants, families, & investors alike. The inviting main flr features bright, open-concept layout with a modern kitchen, spacious living/dining areas & cozy wood burning fireplace. The upper-level suite with soaring bi-level ceilings paired with a cozy loft retreat create a dramatic architectural feature maximizing space & natural light. Each have access to a private spacious wooden deck, perfect for morning coffee, entertaining, or relaxing among the trees, while the loft showcases unobstructed skyline views. All units thoughtfully designed with each offering its own ensuite laundry & separately metered for hydro with quiet, electric baseboard heating paired in the primary suite with wall-mounted A/C for efficient, localized control. This Meticulously maintained, move-in ready home blends comfort, character & functionality - a rare chance to secure a high-quality, income-generating asset with strong upside for investors & end-users alike. Some homes simply check the boxes. Rarely does a property offer this combination of character, flexibility, scale & future potential. A home with room to live, grow & create your next chapter.
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Listing Details
- Taxes (2026)
- $8,740
- Originally Listed
- $1,549,000
- Listed
- October 14, 2026
Price History
Listing history
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Property
- Style
- 3-Storey
- Construction
- Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- Auto Garage Door Remote, Carpet Free, Separate Heating Controls, Water Heater
- Lot Size
- 24.77 x 133.78 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Avenue / Castlefield
- Zoning
- Duplex
- Parcel Number
- 211610310
- Possession
- Immediate
- Occupancy
- Owner+Tenant
Included
- Inclusions
- 3.5% commission to Selling Broker. Wonderful main floor tenant mnth to mnth happy to stay -$2,450/month plus hydro, parking not included. Average rent for 1 bdrm bsmt apt. $1750/mnth, Projected rent for unique 2 storey, 2 bdrm + Den, + 2 bath, + huge deck w retractable awning + 2 car parking(comparable 58 Mcnairn) $4200/mnth plus utilities, Average rent in Midtown area for garage & additional parking spot. $200/mnth Projected income $8500-$8600/mnth plus Utilities. Current Expenses: Utilities 2025-1,085.00/yr. Hydro 2025 approx $6600/yr. Insurance $4,148.28. 200 amp service, 3 Separate meters, 3 fridges, 3 stoves, 3 dishwashers, 3 washers/ dryers. 2 HWT owned, 2nd/3rd floor ductless air conditioning unit, 2 Wood burning Fireplaces, and all electric light fixtures belonging to Seller. Roof 2011. Double garage with 2 additional parking spots. Laneway at rear allows for Garden/Laneway Suite. The Seller and Listing Brokerage do not warrant the retrofit status of the basement apartment.
- Exclusions
- All lighting fixtures and window coverings belonging to tenant.
- Rental Items
- 1 HWT is rented for $24/mnth
Schools
Secondary
- Marshall McLuhan Catholic Secondary School0.3 km
Catholic · Toronto CDSB · 1050 students
Grade 10 literacy: 89% met the provincial standard
- North Toronto Collegiate Institute0.9 km
Public · Toronto DSB · 1220 students
Grade 10 literacy: 95% met the provincial standard
- Forest Hill Collegiate Institute1.3 km
Public · Toronto DSB · 825 students
Grade 10 literacy: 93% met the provincial standard
Elementary
- Allenby Junior Public School0.4 km
Public · Toronto DSB · 660 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 75% met the provincial standard
- St Monica Catholic School0.8 km
Catholic · Toronto CDSB · 345 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 76% met the provincial standard
- Oriole Park Junior Public School0.8 km
Public · Toronto DSB · 220 students
Grade 3 reading: 100% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area M4R
- Population
- 11,909
- Private dwellings
- 5,989
- Median age
- 40.4
- Average household size
- 2.2
- Median household income
- $107,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Toronto C03 · last 12 months
- Median sold price
- $1,300,000
- Homes sold
- 495
- Median days on market
- 18
- Sale-to-list price
- 97.8%
Based on 495 recorded sales of residential freehold properties in Toronto C03 over the last 12 months.
Rooms
4-piece on Second, 3-piece on Upper, 4-piece on Main, 4-piece on Basement
Third
- Bedroom 318' x 14'
- Den14'10" x 14'
Second
- Bedroom 2
- Dining Room
- Kitchen
- Living Room
Main
- Bedroom17'1" x 14'2"
- Dining Room
- Kitchen
- Living Room
Lower
- Bedroom 416'9" x 11'10"
- Kitchen
- Living Room
Listed by
RE/MAX ULTIMATE REALTY INC.
Walk Score
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Location
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Mortgage Calculator
$347,800
Estimated Monthly Payment
$8,543
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,543/mo (20% down, 5.5%)
Taxes: $728/mo · Insurance: $435/mo
Estimates only. Consult a financial advisor.
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