Welcome to 52 Fern Avenue, a charming south-facing detached 2.5-storey Victorian home located in one of Toronto's most sought-after neighbourhoods. Ideal location, situated just east of Sorauren Avenue, this property is a short stroll to Roncesvalles Avenue and steps from Sorauren Park. Currently configured as a 2 Family Home (2 Separate Suites). The main floor and unfinished basement feature a bright and updated 1-bedroom, 1-bathroom suite with high ceilings, a bay window, hardwood flooring, stainless steel kitchen appliances, a gas stove, and ensuite laundry. This unit backs onto a large backyard. The upper suite is filled with character and spans the second and third floors, offering a spacious living and dining area, a private south-facing balcony, a large eat-in kitchen with dishwasher, ensuite laundry, and a third-floor bedroom suite. Each unit has one parking space (2 parking spaces total). This versatile property offers numerous possibilities: live in one unit and lease the other for supplemental income, convert it back easily into a single-family residence, continue as an income-generating investment property, build a garage, and/or take advantage of the rare opportunity to build a laneway suite for more additional income as permitted by the city. With a Walk Score of 93, Transit Score of 92, and Bike Score of 98, 52 Fern Avenue delivers unmatched urban convenience in a family-friendly, community-oriented neighbourhood. Currently leased to AAA tenants - main + basement suite tenant on month to month term and willing to stay; upper suite tenants on short-term month to month lease.