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.
In the Heart of Toronto's Vibrant Little Italy, this Exceptional Triplex at 216 Montrose Avenue offers a Rare Opportunity for Investors, End-Users, or Multi-generational living. Featuring Sun-Filled, self-contained Suites. The Home Includes 3 Toronto Hydro meters and 3 Enbridge Gas meters for added Convenience and Flexibility. Freshly painted throughout, each unit Feels Bright, Clean, and Inviting. The home also Features a Rear Basement Entrance for easy access and functionality. Step outside to a Breathtaking Private Backyard Oasis, complete with a Separate Garage opening onto the coveted Galipo Brothers laneway, with Convenient Access from both Crawford Street and Montrose Avenue. Perfect for Summer Entertaining or Quiet Outdoor Enjoyment.Ideally located just Steps from the Endless Shops, Cafés, Restaurants, Grocery Stores, and Lively Entertainment along College Street, with TTC streetcar access right at your Doorstep.
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