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For Sale

238 Garden Avenue, Toronto, ON M6R 1J1

$2,199,000

  • Investment
  • MLS® W13786864

Listing Brokerage: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Description

Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This truly LEGAL triplex has been completely rebuilt from the studs, 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 lower and main levels, along with a spacious three-bedroom upper-level suite, totaling approximately 2212 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.

Property details

MLS® number
W13786864
Transaction
For Sale
Property type
Commercial
Style / use
Investment
Community
High Park-Swansea
City
Toronto W01
Building area
2212 Square Feet
Lot width
17.83 Feet
Lot depth
121.75 Feet
Heating
Gas Forced Air Closed
Cooling
Yes
Garage
None
Taxes
$8,601.56
Tax year
2026
Business type
Apts - 2 To 5 Units
Office area
2212
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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