About 238 Garden Avenue
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.
Features of 238 Garden Avenue
| MLS® # | W13636046 |
|---|---|
| Price | $2,229,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Investment |
| Status | Active |
Community Information
| Address | 238 Garden Avenue |
|---|---|
| Area | Toronto |
| Subdivision | High Park-Swansea |
| City | Toronto W01 |
| Province | ON |
| Postal Code | M6R 1J1 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Garages | None |
| Is Waterfront | No |
Interior
| Heating | Gas Forced Air Closed |
|---|---|
| Cooling | Yes |
| Fireplace | No |
Listing Details
| Office | ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
|---|
