238 Garden Avenue, Toronto - Listed at $2,199,000. | Modern Solution Realty

238 Garden Avenue, Toronto

238 Garden Avenue in Toronto - 5 bedroom, 4 bathroom. Listed at $2,199,000.

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.

Property Details

  • Property Type: Mortgage
  • Style: 2 1/2 Storey
  • Square Footage: 1750 sqft
  • Basement: Apartment
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 2 spaces
  • Property Taxes: $8,601.56/yr
  • Neighbourhood: High Park-Swansea
  • Postal Code: M6R 1J1

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