For sale 50$939,900
167 Magnolia Avenue
Kennedy Park, Toronto, Ontario M1K3K7
For sale· Added
About this home
Full brick, three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property recently generated $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 4-piece bathroom. Upper unit is vacant, remaining two units have signed N11's so can request vacant possession. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough's most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing.
Location
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Property details
Listing
- MLS® number
- E13851328
- Added
- Oct 1, 2026 ()
- Updated
- Oct 1, 2026 ()
- Info refreshed
Overview
- Property type
- Single Family
- Building type
- Detached
- Storeys
- 2
- Ownership
- Freehold
Inside
- Bedrooms
- 4+1
- Bathrooms
- 3
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Features
- Carpet Free
Building
- Basement
- Finished, Separate entrance
- Exterior
- Brick
- Foundation
- Concrete
- Parking
- No Garage · 3 spaces
Land
- Lot size
- 30 x 109 ft
- Fencing
- Fenced yard
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Sewer, Electricity, Cable
Location
- Cross streets
- Danforth / Midland
- Nearby
- Community Centre
Running costs
- Annual property tax
- $4,397
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