NewFor sale 50$2,199,000
238 Garden Avenue
High Park-Swansea, Toronto, Ontario M6R1J1
For sale· Added
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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