Property Description

Are you looking for a high-performing, low-maintenance investment property in downtown Toronto? 667 Manning Ave is a prime multi-unit investment opportunity in the heart of The Annex, one of the city’s most sought-after neighbourhoods. Located just steps from the Bloor subway line, this semi-detached home with a massive rear addition offers five fully finished rental units, delivering strong cash flow and future development potential.

✅ Turnkey Investment – Modern, low-maintenance, fully tenanted
🚆 Unbeatable Location – Walk score 98, transit score 100, bike score 97
📈 High Upside – Significant zoning allowances for expansion
🔥 Above-Average Finishes – Quartz counters, stainless steel appliances, ensuite laundry

Property Features

Front House (2 Units)

• Large unit with a spacious 3rd-floor loft, rooftop deck, and covered porch
• Basement accessory unit with full washroom, and separate walkout
• New kitchens & bathrooms – 2 kitchens, 4 full washrooms (1 per level)
• Updated electrical & plumbing – 400 Amp service and new wiring
• High-end finishes – Original strip hardwood floors & German commercial-grade laminate
• Modernized systems – New HVAC, AC, fire alarm system, and individual electrical sub-panels

New Rear Addition (3 Units)

• 3 self-contained rental units with separate entrances
• Energy-efficient HVAC – Air handler & A/C in each unit
• Ensuite laundry for select units
• Soundproofing & fire insulation – Closed-cell spray foam for superior efficiency
• Separately metered – 4 hydro meters, 1 gas meter
• Garage with one parking spot rented

Zoning & Future Development Potential

🔹 Zoning: CR 3.0 (c1.5; r2.5) SS2 (x1438) – Allows for commercial and residential uses
🔹 Height Allowance: 16m max height (current structure: 10.52m) – Potential to add two additional floors
🔹 Density Potential: Current property uses 2.1x the lot area, while zoning permits 3x the lot area – 30%+ additional buildable space

Investment Highlights

📈 Strong rental income with upcoming increases – Cap rate expected to compress
💰 Minimal maintenance costs with modern finishes & energy-efficient systems
🏙️ Prime location in The Annex, a top-tier rental market with constant demand

Book a Private Showing

We are offering exclusive showings by appointment only. Contact us today to schedule a visit or receive a detailed investment package.

Don’t miss this incredible investment opportunity in one of Toronto’s most dynamic and growing neighbourhoods!

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