40 River Street

Toronto, ON M5A 3N9

Welcome to this sun filled, brick and stone home built in 1890, offering generous living space throughout. The home has been freshly painted, and some original features are still intact. It is being offered for sale for the first time since 1983. The main floor features 9 feet 10 inch high ceilings. The principal rooms are very spacious and feature crown moulding in the living and dining rooms, a fireplace in the living room, and hardwood flooring throughout most of the home. The second floor features 8 feet 10 inch high ceilings, and the third floor features 8 foot high ceilings. A service staircase provides additional access from the main floor kitchen to the second floor. The home is currently set up as two self contained apartments, but it can easily be converted into a single family dwelling with relatively minor changes. It can also be used as is, with a new owner occupying the spacious second and third floor apartment and renting out the main and basement apartment to assist with carrying costs, subject to any required municipal approvals. Parking for two cars is located at the rear of the property, and the home is conveniently located steps to public transportation and close to the Don Valley Parkway and the Gardiner Expressway. It is also near Riverdale Park, the Don Valley trails, the Distillery District, schools, shops, and everyday amenities. This is a well built home with long term potential. It is a property any new owner would be proud to call their own for years to come.

Listing courtesy of RE/MAX WEST REALTY INC.

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Last checked 2026-03-17 10:45 PM UTC