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$2,229,000
Available - For Sale
Listing ID: W13636046
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.
Price $2,229,000
Taxes: $8,601.56
Tax Type: Annual
Occupancy by: Tenant
Address: 238 Garden Avenue , Toronto, M6R 1J1, Toronto
Postal Code: M6R 1J1
Province/State: Toronto
Legal Description: PT LT 5 PL 951 TORONTO; PT LT 57 PL 727
Directions/Cross Streets: Sunnyside / High Park
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: F
Total Area: 2,212
Total Area Code:  Square Feet
Office/Appartment Area: 2212
Office/Appartment Area Code: Sq Ft
Area Influences: Greenbelt/Conse   Major Highway
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

238 Garden Avenue , Toronto, M6R 1J1, Toronto

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Investment
Area: Toronto
Municipality: Toronto W01
Neighbourhood: High Park-Swansea
Style:
Lot Size: x 121.75(Feet)
Approximate Age:
Tax: $8,601.56
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949