Salehian.com 647-325-5000

340 Pacific Avenue

Junction Area, Toronto, M6P 2R1

$1,649,000

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  • 3 bedrooms
  • 3 bathrooms

Listed 40 days ago · MLS® W13763220

About this home

A detached multi-unit opportunity in the heart of the Junction, with two vacant units offering immediate flexibility for investors and end users alike. This substantial two-storey property offers over 2,000 sq. ft. above grade with three self-contained residential units, each with its own kitchen and bathroom. With the main-floor and upper-floor units currently vacant, a new owner has the rare advantage of choosing their own tenants and establishing new leases, or occupying one unit while generating income from the others. The existing tenant takes pride in the property, adding to the appeal of an already versatile setup. An unfinished basement with approximately 6-ft ceilings provides excellent storage and additional functional space. Outside, a detached two-car garage and parking accommodate up to four vehicles, an increasingly valuable feature in this part of the city with potential to further enhance rental income. Just off Annette near Keele, the location is a major part of the investment story. The Junction's restaurants, cafes, independent shops and everyday conveniences are close at hand, with excellent transit connections and easy access to High Park, Bloor West Village, schools, parks, recreation and community amenities. Whether you're looking to expand an investment portfolio, live in one unit while earning income from the others, or secure a detached multi-unit property with considerable flexibility, this is a rare opportunity in one of Toronto's most established and consistently desirable west-end neighbourhoods.

Details

Type
Investment
Lot
24.67 × 119.67 ft
Garage
Double Detached
Kitchens
3
Property tax
$8,039 (2025)
Neighbourhood
Junction Area
Municipality
Toronto W02

Interior

Bathrooms
3 × bathroom

Heating, cooling and services

Heating
Radiant, Gas
Air conditioning
Yes
Utilities
Available

Building and exterior

Building area
2,327 Square Feet

More

Possession
30-60 Days/FLEX
Cross street
Annette And Keele

History of this address

4 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 High Park Subway17 min walk
  • 🚇 Keele Subway17 min walk
  • 🚆 Mount Dennis GO3.1 km

Within a 10-minute walk: 3 grocery stores, 64 cafés and restaurants, 9 parks, 6 pharmacies. Nearest grocery: No Frills (100 m). Nearest park: Vine Avenue Playground (450 m).

Schools nearby

Elementary

  • High Park Alternative Junior School
    EQAO: Gr 6 reading 100%, math 58%    6 min walk
  • Annette Street Junior and Senior Public School
    EQAO: Gr 6 reading 88%, math 47%    7 min walk
  • St. Cecilia Catholic School Catholic
    EQAO: Gr 6 reading 98%, math 78%    9 min walk
  • Indian Road Crescent Junior Public School
    EQAO: Gr 6 reading 84%, math 79%    10 min walk

Secondary

  • Humberside Collegiate Institute
    EQAO: Gr 9 math 80%, literacy test 96%    6 min walk
  • Lucy McCormick Senior School10 min walk
  • Ursula Franklin Academy Private
    EQAO: Gr 9 math 86%, literacy test 99%    13 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M6P

Owners / renters
42% / 58%
Median household income
$86,000
Average age
41
Children under 15
14%
Homes
11% detached, 43% high-rise
Commute by transit
33%
Population
39,870

Languages spoken most at home besides English: Portuguese 2%, Spanish 1.7%, Russian 1.1%, Polish 0.9%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Junction Area (2025): 22% above the Toronto average, down 19% from the year before.

  • Assaultabout average
  • Break and enter61% above average
  • Auto theftabout average
  • Robberyabout average
  • Theft from vehicles173% above average
  • Shootings24% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 5 active

  • 301 KEELE ST · 350 m
    Plan of Condominium · Draft Plan Approved · applied 2025
    Draft Plan of Condominium for 4 residentail dwelling units.
    Application details
  • 108 VINE AVE · 400 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Proposed standalone Official Plan Amendment (OPA) application which seeks to only redesignate the lands comprising 108-162 Vine Avenue from Core Employment…
    Application details
  • 406 KEELE ST · 400 m
    Plan of Condominium · Draft Plan Approved · applied 2025
    Draft Plan of Stamdard Condominium for 65 units.
    Application details
  • 260 HIGH PARK AVE · 200 m
    Plan of Condominium · Draft Plan Approved · applied 2023
    Draft Plan of Condominium for 70 residential units
    Application details
  • 3001 DUNDAS ST W · 250 m
    Site Plan · NOAC Issued · applied 2021
    Site Plan Approval to convert the existing 1-storey place of worship into a 5-storey mixed-use building having a residential gross floor area of 1213.15 square…
    Application details
  • 406 KEELE ST · 400 m
    Site Plan · Closed · applied 2026
    Site Plan Administrative Amendment to 20 233329 STE 07 SA

5 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 7 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Multiple Projects · 2016 · Cancelled
    construct basement walk out, rear deck, interior alterations

11 permits on this block of the street in the last 2 years, including 2 new homes.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

40 City street trees within 100 m, mostly maples. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Signature Elite Realty Ltd..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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