238 Garden Avenue, Toronto, ON M6R 1J1

$2,229,000
5
BD
4
BA
1,500
SqFt

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List Price
$2,229,000
MLS#
W13636118
Status
ACTIVE
Type
Multifamily
SubType
Triplex
Style
2 1/2 Storey
Bedrooms
5
Bathrooms
4
Living Area
1500-2000
Province
ON
Municipality
Toronto
Area
Toronto
Neighborhood
High Park-Swansea
Subdivision
Sunnyside / High Park

Property Description

Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This truly LEGAL triplex has been completely rebuilt offering a turnkey, income-producing asset with strong rental demand and low maintenance requirements. The property features an ideal unit mix of two one-bedroom apartments on the main and lower levels, along with a spacious three-bedroom upper-level suite, totaling approximately 2,212 sq. ft. of rentable area. Each suite is thoughtfully designed with contemporary finishes, a sleek kitchen with stainless steel appliances, in-suite laundry, bright open-concept living spaces, and walkout access to a private deck or patio. An exceptional opportunity to acquire a fully leased investment property with reliable income and outstanding long-term appreciation potential in one of Toronto's most sought-after rental markets. Leveraged CAP rate of 8.66% with 30% down. Gross Income: $116,400, Expenses $17,750, Net Income: $98,650 in year 1. Offering Memorandum available.

Additional Information

Taxes
$8,601
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Kitchens
3
Exterior
Brick
Garage Type
None
Pool
None
Parking Spaces
2
Parking Type
Lane

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Calculator source: Real Geeks

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD..