238 Garden Avenue, Toronto, Ontario, Canada, M6R1J1

2,199,000
for Sale

About the property:

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.
Investment false
Property Type:
Investment
Status:
for Sale
Land Size:
17.83 x 121.75 FT
Business Type:
Apts - 2 To 5 Units
Heating Type:
Gas Forced Air Closed
Cross Street:
Sunnyside / High Park
Annual Property Taxes:
8,601.56
Listing ID:
W13786864

Rooms

Dimensions

Brokered by:
Royal Lepage Real Estate Services Ltd.
Source: TRREB/PROPTX
Presented By:

Silvia Di Monte

Broker of Record, ABRĀ®, SRESĀ®, SRS

Realinvest Canada Inc., Brokerage*

John Messina

FRI, Real Estate Broker

Realinvest Canada Inc., Brokerage*