238 Garden Avenue
High Park-Swansea, Toronto, M6R 1J1
FOR SALE
$2,199,000
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4 + 1
BEDROOMS 4
BATHROOMS 2 + 1
KITCHENS 10 + 3
ROOMS W13786876
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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, 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.
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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.
Offered for the first time in over 50 years, this impeccably maintained triplex occupies one of Toronto's most coveted corners, proudly positioned at Parkside Drive and Geoffrey Street directly across from High Park. A rare legacy property, lovingly cared for by the same family for half a century, it presents an exceptional opportunity for investors, multi-generational families, or those seeking a premier owner-occupied residence with substantial income potential. Spanning three story's, the building comprises two spacious 1,233 sq. ft. two-bedroom suites and a bright 708 sq. ft. one-bedroom suite on the third floor. West-facing windows in every unit frame picturesque views of High Park's expansive green canopy, creating a tranquil setting rarely found in the city. The property has benefited from significant capital improvements, including updated roof, windows, doors, eavestroughs, fascia, and electrical service, providing peace of mind for years to come. The vacant third-floor suite offers immediate occupancy or market-rent potential, while the first and second floor suites are occupied by outstanding long-term month-to-month tenants who have cared for their homes with pride and respect. Below, the full unfinished basement features solid concrete construction, dedicated storage rooms, a laundry area, and a powder room, presenting exciting possibilities for additional living space, supplementary income suites, or enhanced amenities. A private driveway accommodates 4 vehicles in addition to a detached garage-an extraordinary convenience in this sought-after neighbourhood. Steps to High Park, the subway, the waterfront, and the vibrant boutiques, cafés, restaurants, and pubs of Roncesvalles Village and Bloor West, this is a truly irreplaceable location. Opportunities to acquire a meticulously maintained, generational triplex overlooking Toronto's most celebrated park are exceptionally rare.
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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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Rare opportunity in the heart of Midtown Toronto. Beautiful purpose built Duplex with Basement Apt offering exceptional versatility for multigenerational living, extended family, or those seeking a primary residence with added rental units. Laneway access for potential Garden/Laneway Suite. This is Toronto living at its finest- walkable, well-connected, & surrounded by some of the city's most desirable top-rated public and private schools including, Allenby, Glenview, North Toronto CI, Bishop Allen Academy, St. Clement's, & Havergal College. The Green Spaces - Eglinton Park, Lytton Sunken Gardens, just steps away are anchored by the multi-use North Toronto Memorial Community Centre. Yonge Street shops, restaurants, cafés, subway access and the Crosstown LRT, offer an active lifestyle making it equally appealing to tenants, families, and investors alike. The inviting main floor features bright, open-concept layout with a modern kitchen, spacious living/dining areas and cozy wood burning fireplace. The upper-level suite with soaring bi-level ceilings paired with a cozy loft retreat create a dramatic architectural feature maximizing space and natural light. Each have access to a private spacious wooden deck, perfect for morning coffee, entertaining, or relaxing among the trees, while the loft showcases beautiful unobstructed skyline views. All units thoughtfully designed with each offering its own ensuite laundry and separately metered for hydro with quiet, electric baseboard heating paired in the primary suite with wall-mounted A/C for efficient, localized control. This Meticulously maintained, move-in ready home blends comfort, character and functionality - a rare chance to secure a high-quality, income-generating asset with strong upside for investors and end-users alike. Some homes simply check the boxes. Rarely does a property offer this combination of character, flexibility, scale and future potential. A home with room to live, grow and create your next chapter.
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Brand New Rebuilt - Double Brick - Triplex in Downtown Toronto! Complete Gut-Renovation down to the studs, with completion in approx.6 weeks. 3 Legal Separate Suites - All Built to new codes, with separate meters, hardwired fire system, New Roof, New Main Staircase, New Insulation, New Drywall, New Floors, Brand New Modern Kitchens, with Dishwashers. A 3 year complete renovation on a very large victorian home, with 7, yes SEVEN parking spaces, a ~163 foot deep lot with fenced backyard. Potential for 2 floor garden home addition, fourth unit in basement (high ceilings). Boasting, Two 2 Bedroom Units with 12' high ceilings, and 1 large loft unit with an additional 1 bedroom, vaulted ceilings and a massive 19'x7' Private Deck. Perfect for "growing into" this spectacular victorian for end users or investors. All building under city permits.
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