New Listing
238 Garden Avenue,Toronto (High Park-Swansea), ON M6R1J1
Toronto (High Park-Swansea), ON M6R1J1
Description
Exceptional investment opportunity in one of Toronto's most desirable west-end neighborhoods. 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. (id:13843)
Details
| MLS # | W14120500 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 7 |
| Listing Provided By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. | IAN WILSON |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R (d.06) (x290) |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Lane |
|---|---|
| Foundation Details | Block |
| Fencing | Fully Fenced |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 2 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 8601.56 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Toronto (High Park-Swansea) |
| Postal Code | M6R1J1 |
| Listing VS Median (in M6R1J1) | |
Price: $2,125,000 low | high Med: $2,125,000 sqft: 1,500 low | high Med: 1,856 $ / sqft: $1,417 low | high Med: $1,189 On site: 7 low | high Med: 7 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (High Park-Swansea) |
| Postal Code | M6R1J1 |
| Listing VS Median (in M6R1J1) | |
Price: $2,125,000 low | high Med: $2,125,000 sqft: 1,500 low | high Med: 1,856 $ / sqft: $1,417 low | high Med: $1,189 On site: 7 low | high Med: 7 | |