167 MAGNOLIA AVENUE, Toronto, Ontario M1K 3K7
$999,900.00
- 5 bedrooms
- 3 bathrooms
Full brick, turnkey three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property currently generates approximately $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 3-piece bathroom. Investors/Buyers can assume the existing tenants (all month to month leases) for instant income or request vacant possession with a 60+ day closing to move in or re-lease at full market rent. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated ... read more
Full brick, turnkey three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property currently generates approximately $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 3-piece bathroom. Investors/Buyers can assume the existing tenants (all month to month leases) for instant income or request vacant possession with a 60+ day closing to move in or re-lease at full market rent. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough's most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing. (id:25417)
- Listing ID: E13565974
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 30 by 109 FT Fenced Yard |
| Parking: | No Garage 3 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Dryer, Refrigerator, Stove, Washer and Water Heater |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | N/A (Finished), N/A |
| Utilities: | Cable and Sanitary Sewer |
| Location | |
|---|---|
| City: | Toronto (Kennedy Park) |
| Province: | Ontario |
| Nearby Amenities: | Park, Place Of Worship and Public Transit |
| Community Features: | Community Centre |
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