238 Garden Avenue
High Park-Swansea, Toronto, M6R 1J1
FOR SALE
$2,229,000
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4 + 1
BEDROOMS 4
BATHROOMS 2 + 1
KITCHENS 10 + 3
ROOMS W13636118
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Property Description
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.
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Nearby Intersections
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School, None, Lane
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Property Details
Address
238 Garden Avenue
Community
City
Postal Code
M6R 1J1
Property Type
Triplex, Triplex
Zoning
R (d.06) (x290)
Lot Size
18' x 122'
Acreage
2,131.0 Feet
Taxes
$8,602 (2026
Basement
Apartment, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Royal Lepage Real Estate Services Ltd.
Discover a rare opportunity to own a legal, city-approved triplex that perfectly balances historic Toronto charm with high-end modern design. Extensively gutted and renovated from the studs in 2019, this turnkey property offers close to 3,000 square feet of thoughtfully optimized living space across three distinct, self-contained suites. This is a truly seamless addition to any investment portfolio or an ideal live-and-rent scenario. Behind the timeless brick facade, the home has been completely transformed. The 2019 renovations included modernized kitchens with quartz countertops, updated bathrooms, new windows, lighting, staircases, and a professionally underpinned lower level excavated to increase the ceiling height. A brand-new roof was installed in 2023. The property features three separate hydro meters, three gas meters, and dedicated laundry in every unit. The upper-level two-bedroom, two-bathroom suite is bathed in natural light from a striking skylight and blends modern finishes with beautifully preserved original red brick walls. It boasts a private balcony off the primary bedroom, a massive accessible attic for rare urban storage, and its own furnace and central air conditioning. The main-level one-bedroom suite features a bright, inviting layout highlighted by a charming, working wood-burning fireplace and a walk-out to a private outdoor patio. It is also serviced by its own furnace and central air. Accessed via a private rear entrance, the lower-level two-bedroom suite features warm exposed brick, high ceilings, modern vinyl flooring, and a bathroom with a sleek walk-in shower. Set on a deep lot with the potential to convert the rear garden into parking off the laneway, this exceptional triplex delivers flexibility, quality craftsmanship, and outstanding value.
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Prominently positioned on a generous 22 x 120 ft corner lot at Dufferin Street and Chandos Avenue, this detached brick property presents an attractive multi-residential investment opportunity in Toronto's vibrant Junction-Wallace Emerson neighbourhood. The property features a three-bedroom main-floor residence, a two-bedroom second-floor residence, and basement space currently arranged and occupied as a one-bedroom living area and a bachelor living area. All existing tenancies are month-to-month, providing established rental income. Additional highlights include six-car parking and a substantial detached three-car garage. Ideally located steps from Geary Avenue's popular restaurants, craft breweries, cafés, shops and creative spaces, and close to the growing Galleria on the Park community and Toronto's ongoing Green Line network of parks and connected green spaces. Convenient access to neighbourhood parks, shopping and public transit.
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