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.
Address
238 Garden Avenue
List Price
$2,199,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto W01
Sub-Area
High Park-Swansea
Region
Toronto
Lot Size Source
GeoWarehouse
Lot Depth
121.75
Lot Shape
Rectangular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
17.83
Parcel Number
213440402
Total Building Area
2212
Occupant Type
Tenant
Cross Street
Sunnyside / High Park
MLS® Number
W13786864
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Basement
Yes
Postal Code
M6R 1J1
Posession Details
tbd
Parking Spaces
2
Tax Amount
$8,601.56
Tax Year
2026
Site Influences
Greenbelt/Conservation, Major Highway
Community Features
Greenbelt/Conservation, Major Highway
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 5 PL 951 TORONTO; PT LT 57 PL 727 NORTH WEST ANNEX AS IN CA750241; CITY OF TORONTO
Security Features
No
Waterfront
No
Sewer
Sanitary