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
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