238 Garden Avenue, Toronto W01, ON

$2,229,000

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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

OfficeROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listing Map

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