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    For Sale - 238 Garden Avenue, Toronto, Ontario

    Est payment $10,204/mo
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    Time on Jump  1 days

    AI Summary *

    • Legal triplex rebuilt from the studs, with three self-contained rental suites.
    • Unit mix includes two one-bedroom apartments and a three-bedroom upper suite.
    • Suites feature contemporary finishes, stainless steel appliances, and in-suite laundry.
    • Open-concept living spaces offer walkout access to a private deck or patio.
    • Fully leased property with reported year-one net income of $98,650.




    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, totalling 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 oftoronto'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 IDW14120384
    Address238 Garden Avenue
    CityToronto, Ontario
    Price$2,125,000
    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 Brokerage: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    238 Garden Avenue
    Toronto , Ontario
    $2,125,000
    Get more info