For Sale - 238 Garden Avenue, Toronto, Ontario

Est payment $10,559/mo
Views   1
Time on Jump  6 day
  • Legal triplex in a desirable Toronto west-end neighborhood.
  • Completely rebuilt from the studs for low maintenance.
  • Two one-bedroom and one three-bedroom apartments for diverse rental options.
  • Modern finishes with stainless steel appliances and in-suite laundry.
  • Private decks or patios for outdoor space in each unit.



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.
Listing IDW13786864
Address238 Garden Avenue
CityToronto, Ontario
Price$2,199,000
StyleInvestment
Land Size2131
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentCommunity Features Greenbelt/Conservation, Major HighwayBasement 1Heating / Cooling Gas Forced Air ClosedSewer Sanitary
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Listing Agency:  ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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238 Garden Avenue
Toronto , Ontario
$2,199,000
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