Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. 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, totalling 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 mostsought-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
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Toronto W01
Sub-Area
High Park-Swansea
Region
Toronto
Bedrooms
4 + 1
Bedrooms (Total)
5
Rooms Above Grade
10
Rooms Below Grade
3
Bathrooms
4
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
121.75
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
17.83
Parcel Number
213440402
Occupant Type
Tenant
Cross Street
Sunnyside / High Park
MLS® Number
W13786876
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Basement Area
Apartment, Separate Entrance
Postal Code
M6R 1J1
Posession Details
TBD
Parking
Lane
Parking Places (Total)
2
Parking Spaces
2
Tax Amount
$8,601.56
Tax Year
2026
Site Influences
Hospital, Library, Park, Place Of Worship, Public Transit, School
Interior Features
None
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
UFFI
No
Direction Faces
South
Fireplace
No
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Other Structures
Fence - Full
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 5 PL 951 TORONTO; PT LT 57 PL 727 NORTH WEST ANNEX AS IN CA750241; CITY OF TORONTO
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 4.2 x 6.99 Meters | Combined w/Dining, Hardwood Floor, W/O To Patio |
| Main | Dining Room | 4.42 x 6.99 Meters | Combined w/Kitchen, Hardwood Floor, Open Concept |
| Main | Kitchen | 4.42 x 6.99 Meters | Hardwood Floor, Open Concept, Stainless Steel Appl |
| Main | Bedroom | 2.17 x 4.89 Meters | B/I Closet, Hardwood Floor, Window |
| Second | Living Room | 4.47 x 7.04 Meters | Combined w/Dining, Hardwood Floor, W/O To Deck |
| Second | Dining Room | 4.47 x 7.04 Meters | Combined w/Kitchen, Hardwood Floor, Open Concept |
| Second | Kitchen | 4.47 x 7.04 Meters | Eat-in Kitchen, Hardwood Floor, Stainless Steel Appl |
| Second | Bedroom | 4.25 x 3.59 Meters | B/I Closet, Bay Window, Hardwood Floor |
| Second | Pantry | 2.35 x 1.01 Meters | |
| Third | Bedroom | 2.39 x 2.88 Meters | Closet, Hardwood Floor |
| Third | Bedroom | 3.24 x 3.29 Meters | Hardwood Floor, Window |
| Lower | Living Room | 3.87 x 6.16 Meters | Above Grade Window, Combined w/Dining, Hardwood Floor |
| Lower | Dining Room | 3.87 x 6.16 Meters | Above Grade Window, Combined w/Dining, Hardwood Floor |
| Lower | Kitchen | 3.87 x 6.16 Meters | Centre Island, Hardwood Floor, Stainless Steel Appl |
| Lower | Bedroom | 3.23 x 3.62 Meters | Above Grade Window, Closet, Hardwood Floor |