Emerson Excellence, Exceptional Income, Endless Possibilities! Welcome to 71 Emerson Ave, a vacant, detached, fully renovated LEGAL triplex with three separate hydro meters in an unbeatable location. A fantastic opportunity for investors, multi-generational families, or end-users looking to live in one unit while collecting rent from the others. Each self-contained unit features its own private entrance, with the main and second-floor suites also offering their own laundry. The property is truly turn-key and move-in or rent-ready, complete with updated finishes and brand-new central air conditioning. A private driveway currently provides parking for two cars, with the potential for additional parking by removing the existing fence. The detached garage at the rear offers even more flexibility-use it as a shed, workshop or studio today, with potential for a future garden suite conversion. Ideally situated within walking distance to Lansdowne Subway Station, Bloor West, schools, shops, restaurants, parks and everyday amenities. Whether you're looking for a strong income-producing investment, a multi-generational home, or a place to live while offsetting your mortgage with rental income, 71 Emerson offers incredible versatility in one of Toronto's most convenient neighbourhoods.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
2 1/2 Storey
Approx. Age:
100+
Total Approx Floor Area:
1500-2000
Lot Depth:
102'31.1 m
Lot Frontage:
25'7.62 m
Direction Faces:
East
Bedrooms:
3+1
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
1
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Kitchens Above Grade:
2
Rooms Above Grade:
12
Rooms Below Grade:
3
Fractional Ownership:
No
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Apartment, Finished with Walk-Out
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
1.0
Parking Features:
Private
Parking Spaces:
2
Total Parking Spaces:
3.0
Family Room:
Yes
Possession Details:
30/60/TBD
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$6,289 /
2025
Assessment:
$- /
-
Toronto
Toronto W02
Dovercourt-Wallace Emerson-Junction
Accessory Apartment, Carpet Free, Countertop Range, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter
Deck, Lighting, Patio, Porch
Carbon Monoxide Detectors, Smoke Detector
Hot water tank is rental (Enercare).
All Elfs, all window coverings, brand new AC (2026), 3x fridge/freezer, 3x oven, 3x microwave, 2x dishwasher, 2x washer/dryer. large garage which can be used as gym, office or shed.
Third floor bathroom mirror (to be replaced prior to closing).
Data was last updated October 3, 2026 at 02:15 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$1,299,000
Min list price:
$799,000
Max list price:
$4,500,000
Avg days on market:
70
Min days on market:
2
Max days on market:
158
These statistics are generated based on the current listing's property type
and located in
Dovercourt-Wallace Emerson-Junction. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.