238 Garden Avenue, Toronto (High Park-Swansea), Ontario M6R1J1
Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD..
- $2,199,000
- 5
- BD
- 4
- BA
- List Price
- $2,199,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS® #
- TorontoRegionalRealEstateBoard-W13786876
- Bedrooms
- 5
- Bathrooms
- 4
- Subdivision
- High Park-Swansea
- Neighborhood
- High Park-Swansea
- MLS Area Major
- High Park-Swansea
Property Description
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:5764)
Additional Information
- Exterior Features
- Brick
- Taxes
- $8,601
- Community Features
- High Park-Swansea
- Flooring
- Hardwood
- Heating
- Forced air, Natural gas
- Air Conditioning
- Central air conditioning
- Stories
- 2.5
- Foundation
- Block
- Parking Features
- No Garage
