238 GARDEN AVENUE, Toronto, Ontario M6R 1J1
$2,199,000.00
- 5 bedrooms
- 4 bathrooms
Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. 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, totalling 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 ... read more
Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. 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, totalling 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 mostsought-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:25417)
- Listing ID: W13786876
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 17.8 by 121.8 FT Fully Fenced |
| Parking: | No Garage 2 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Triplex |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | N/A, N/A |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Toronto (High Park-Swansea) |
| Province: | Ontario |
| Nearby Amenities: | Hospital, Park, Place Of Worship, Public Transit and Schools |
| Rooms | Level | Dimensions |
|---|---|---|
| Living room | Second level | 4.47 m x 7.04 m |
| Dining room | Second level | 4.47 m x 7.04 m |
| Kitchen | Second level | 4.47 m x 7.04 m |
| Bedroom | Second level | 4.25 m x 3.59 m |
| Pantry | Second level | 2.35 m x 1.01 m |
| Bedroom | Third level | 3.24 m x 3.29 m |
| Bedroom | Third level | 2.39 m x 2.88 m |
| Living room | Lower level | 3.87 m x 6.16 m |
| Dining room | Lower level | 3.87 m x 6.16 m |
| Kitchen | Lower level | 3.87 m x 6.16 m |
| Bedroom | Lower level | 3.23 m x 3.62 m |
| Living room | Main level | 4.2 m x 6.99 m |
| Dining room | Main level | 4.42 m x 6.99 m |
| Kitchen | Main level | 4.42 m x 6.99 m |
| Bedroom | Main level | 2.17 m x 4.89 m |
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