167 Magnolia Avenue
Kennedy Park, Toronto, M1K 3K7
FOR SALE
$999,900

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Property Description
Full brick, turnkey three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property currently generates approximately $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 3-piece bathroom. Investors/Buyers can assume the existing tenants (all month to month leases) for instant income or request vacant possession with a 60+ day closing to move in or re-lease at full market rent. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough's most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2011-05-29 | 2011-06-10 | 12 | $419,900 | $414,000 |
| 2006-01-22 | 2006-05-26 | 124 | $319,900 | $308,000 |
Nearby Intersections
Property Features
Fenced Yard, Library, Place Of Worship, Park, Public Transit, Rec./Commun.Centre, Accessory Apartment, Carpet Free, Storage, Water Heater, Private
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Property Details
Address
167 Magnolia Avenue
Community
City
Postal Code
M1K 3K7
Property Type
Detached, Detached
Lot Size
30' x 109'
Taxes
$4,397 (2026
Basement
Finished, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Rare Real Estate
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