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    For Sale - 57 Cowan Avenue, Toronto, Ontario

    Est payment $11,472/mo
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    Views   1
    Time on Jump  16 day

    AI Summary *

    • Rarely available fully leased 9-unit multiplex in vibrant South Parkdale.
    • Zero vacancy and stable tenants ensure consistent cash flow and great cap rate.
    • Diverse mix of units appeals to a broad range of tenants.
    • Upgraded units offer potential for increased rental income over time.
    • Private backyard with shed and future parking pad adds extra value.




    An exceptional and rarely available opportunity to acquire a fully leased 9-unit multiplex in the heart of south parkdale, one of toronto's most vibrant and rapidly gentrifying neighbourhoods just steps to trendy king street west, transit, shops, restaurants, and every day amenities. This well-maintained income property offers zero vacancy, stable tenants, and an excellent cap rate, making it a compelling addition to any investor's portfolio with strong in-place cash flow and long-term upside. The building features nine self-contained units including two small one-bedroom suites, four well-sized one-bedroom plus living room apartments, and three studio units on the upper floor, creating a diverse unit mix that appeals to a broad tenant base. The current owner has been strategically renovating units as they become vacant, and several suites have already been upgraded, offering clear potential for continued improvements and increased rental income overtime. Situated on a quiet residential street, the property also includes a private backyard with shed and potential for a future parking pad, creating additional value and income possibilities. The building has been well maintained with a good roof and freshly painted doors, and benefits from responsible long-term tenants. Zoned "multiplex with 7 or more self-contained units," this is a very rare chance to secure a turn key multi-unit investment in a prime west-end toronto location with strong cash flow today and meaningful long-term appreciation potential.
    Listing IDW12890260
    Address57 Cowan Avenue
    CityToronto, Ontario
    Price$2,389,000
    Bed / Bath9 / 9 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOutdoor Features Deck, Patio, PorchAmenities Park, Place Of Worship, Public Transit, School, School Bus RouteOwnership FreeholdViews CityBasement Apartment, Separate Entrance, FinishedFoundation ConcreteHeating / Cooling RadiantHeating Fuel GasSewer Sewer

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    Listing Agency:  FOREST HILL REAL ESTATE INC.

    * 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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    57 Cowan Avenue
    Toronto , Ontario
    9 9 $2,389,000
    Get more info