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For Sale

55 Thirty Eighth Street, Toronto, ON M8W 3M2

$2,150,000

  • Investment
  • MLS® W13780184

Listing Brokerage: STONECASTLE REALTY GROUP INC.

Description

TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare five units, legal fourplex + 1 non confirming, multiplex in one of Etobicoke's most sought-after lakeside communities. Situated on an impressive 50' x 137' lot, just steps from Marie Curtis Park and Lake Ontario, this property offers the combination investors look for: strong in-place income, substantial parking, renovated units, and meaningful potential. The property features five generously sized apartments. four x1 bed suites and one x3 bedroom residence of approximately 1,500 sq. ft. The four one-bedroom units are currently tenanted at market rents, providing immediate, stable cash flow, while the three-bedroom suite is vacant and rent ready or can accommodate an owner-occupier. On-site laundry, a detached four-car garage, and additional exterior parking spaces provide multiple opportunities to generate additional revenue. Located in the heart of Long Branch, surrounded by parks, transit, the lakefront, shops, and established neighbourhood amenities, this property is positioned in a community with strong rental demand and long-term fundamentals.

Property details

MLS® number
W13780184
Transaction
For Sale
Property type
Commercial
Style / use
Investment
Community
Long Branch
City
Toronto W06
Building area
3168 Square Feet
Lot width
50 Feet
Lot depth
136.5 Feet
Heating
Radiant
Cooling
No
Garage
Double Detached
Taxes
$8,393.00
Tax year
2026
Business type
Apts - 2 To 5 Units
Listing brokerage
STONECASTLE REALTY GROUP INC.

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