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$2,199,000

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238 Garden Avenue

High Park-Swansea, Toronto, Ontario M6R1J1

For sale· Added

2,212 sqft

About this home

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.

Location

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Property details

Listing

MLS® number
W13786864
Added
Sep 15, 2026 ()
Updated
Oct 2, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Building type
Multi-Family

Inside

Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Fireplace
No
Features
Conservation/green belt

Building

Parking
2 spaces

Land

Lot size
17.83 x 121.75 ft
Zoning
R (d.06) (x290)

Services

Water
Municipal water
Sewer
Sanitary sewer

Location

Cross streets
Sunnyside / High Park

Running costs

Annual property tax
$8,602

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$2,199,000
238 Garden Avenue
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