This $3 million Toronto home is the ideal long-term investment

The red brick Victorian found at 60 Churchill Ave. not only offers the chance to become a homeowner, but also a landlord. Within its four levels are three legal units that give it major investor and rental potential.

The future owners can choose to rent out all three units or live in one and rent out the other two. Alternatively, they could choose to convert it back into a single-family home with four bedrooms and four bathrooms. Or, they can take advantage of the division for multi-generational living and move their parents or other relatives in with them.

Located in the Dufferin Grove neighbourhood, this property was originally built in the late 1800s and renovated in 2018. It’s currently listed for $2,999,999.

Photo Courtesy: Property Pandas

The entryway provides access to both the main floor and upper unit.

Photo Courtesy: Property Pandas

Soaring 10-foot ceilings open span throughout the first-floor unit. Bay windows brighten up the living room.

Photo Courtesy: Property Pandas

There’s also space for a home office.

Photo Courtesy: Property Pandas

Light maple flooring warms up the open concept living space. Here’s a look at the dining area.

Photo Courtesy: Property Pandas

The modern chef’s kitchen is designed with minimalist cabinetry, stainless-steel appliances and a large island.

Photo Courtesy: Property Pandas

The funky wallpaper in this bathroom was imported from the United Kingdom.

Photo Courtesy: Property Pandas

This one-bedroom apartment comes with a murphy bed and full height bookshelves.

Photo Courtesy: Property Pandas

Sliding doors open to the backyard.

Photo Courtesy: Property Pandas

A staircase leads you down to the massive second bathroom. It features patterned floor tile, white shower tiles and gold accents.

Photo Courtesy: Property Pandas
Photo Courtesy: Property Pandas

The second unit is located upstairs. Exposed red brick pops in the light and modern kitchen.

Photo Courtesy: Property Pandas
Photo Courtesy: Property Pandas

The unit comes with not one, but two private balconies.

Photo Courtesy: Property Pandas
Photo Courtesy: Property Pandas
Photo Courtesy: Property Pandas

It also has two bedrooms and one bathroom.

Photo Courtesy: Property Pandas

The upper living room has an airy feel thanks to the vaulted ceilings and wooden beams.

Photo Courtesy: Property Pandas

The cosy lower level unit has a separate entrance and eight-foot ceilings.

Photo Courtesy: Property Pandas
Photo Courtesy: Property Pandas

It’s a one bedroom and one bathroom unit. There’s also enough space for a home office.

Photo Courtesy: Property Pandas

Here’s a look at the spacious backyard.

60 Churchill Ave. is listed with Brynn Lackie of Chestnut Park Real Estate Limited.

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