238 GARDEN AVENUE, Toronto (High Park-Swansea)
$2,125,000 · 5 Bed 4 Bath
About this property
Exceptional investment opportunity in one of Toronto's most desirable west-end neighborhoods. This truly LEGAL triplex has been completely rebuilt, 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 main and lower levels, along with a spacious three-bedroom upper-level suite, totaling approximately 2,212 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. (id:66939)
Property details
- Price
- $2,125,000
- Bedrooms
- 5
- Bathrooms
- 4
- Parking
- 2
- Property type
- Multi-family
- Basement
- Apartment in basement, Separate entrance, N/A, N/A
- MLS® number
- W14120500
Location
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Mortgage estimate
Estimated monthly payment: $9,449
Educational estimate only, principal and interest at the rate you enter. Not a lender approval, quote or financial advice. Taxes, insurance, condo fees and mortgage insurance are not included.
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Chosen for this property's location, type and transaction.
Source board: Toronto Regional Real Estate Board.
Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.