238 Garden Avenue
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, totaling 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 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.
Features of 238 Garden Avenue
| MLS® # | W13636118 |
|---|---|
| Price | $2,229,000 |
| Bedrooms | 4 |
| Bedrooms Plus | 1 |
| Bathrooms | 4.00 |
| Square Footage | 1500-2000 |
| Type | Residential Freehold |
| Sub-Type | Triplex |
| Style | 2 1/2 Storey |
| Status | Active |
Community Information
| Address | 238 Garden Avenue |
|---|---|
| Area | Toronto |
| Neighborhood | High Park-Swansea |
| City | Toronto W01 |
| Province | ON |
| Postal Code | M6R 1J1 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Garage Type | None |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Basement | Apartment, Separate Entrance |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
|---|