Toronto barbershop and several attached apartments going for under $4 million

If you’ve ever dreamed of sprawling out in your very own 4,000-square-foot home and having someone else help cover the mortgage — this wild Toronto property might just be your real estate unicorn.

2909 Dundas St. W is equal parts "multi-residential goldmine" and "live-work fantasy."

The historical building was completely rebuilt  in 2001 and now offers up a rare combo: serious space to live, over $10,000 in monthly income, and an estimated six per cent return on investment.

The hair salon. 

The building currently houses a hairstyling salon and beauty clinic on the main floor, as well as three studio apartments at the back of the building. 

An empty unit. 

The upper floors of the building house five additional residential apartments. 

One of the studio apartments on the main floor. 

On the second floor, there are a pair of two-bedroom units and a single one-bedroom unit, while the third floor boasts another pair of two-bedroom units. 

An empty apartment. 

But if you want a cool space to live, well, you're in luck, because right now the entire third floor and part of the second floor are now vacant, giving you the chance to occupy a massive swath of the building yourself.

A kitchen in one of the units. 

We're talking over 4,000 square feet of living space. That's more room than most suburban homes, and it's right smack in the middle of The Junction.

A bathroom in one of the units. 

Each floor of 2909 Dundas St. W is around 3,000 square feet, plus there's a finished basement with two one-bedroom apartments that are currently vacant. All those vacancies mean you can charge market rate for those units, which, as a new owner, is ideal. 

A studio apartment with mezzanine. 

Also, the property has already done some time on the reno circuit—it was completely rebuilt in 2001, and new HVAC and on-demand hot water systems were recently installed in three of the units. 

Another kitchen in one of the units. 

So, whether you're a savvy investor looking to diversify with a low-maintenance income stream or just someone who wants to live like a boss with renters paying the bills, this place hits the sweet spot.

A bedroom. 

2909 Dundas St. W is currently listed for $3,495,000, which is about $390 per square foot above grade, and even less per square foot if you include the basement. For context, in this neighbourhood, the average price per square foot is $858.

The building gets tons of natural light. 

It's also worth noting that this is the third time this building has been listed this year after the deal fell through in January 2025.

A bedroom. 

Prior to that, it had been listed three times in 2012 but failed to sell. 

The back of the building. 

So it's very much a buyer's market, and this building is the kind of Toronto real estate oddity that doesn't come around often.