38 Pendeen Avenue
Rockcliffe-Smythe, Toronto, M6N 2P3
$1,299,000
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Property Description
Whether you're a savvy investor, a house hacker, or looking for the perfect home for your family, this legal triplex is calling your name! Featuring three separately metered 2-bedroom units, 38 Pendeen offers a rare opportunity to generate consistent rental income or create a harmonious space for multi-generational living. Investors will love the steady cash flow potential, with all units move-in ready and separately metered for utilities. Homeowners can live comfortably in one unit while off setting expenses with rental income from the others a win-win for your financial future.On-site parking, a double car garage, and centralized laundry add value and convenience for tenants and owners alike. Nestled near picturesque parks and the Humber River Trail Network, this property offers an inviting lifestyle for outdoor enthusiasts. Commuters will appreciate the quick access to major highways, TTC, and essential amenities like shopping centers, grocery stores, and schools.This meticulously maintained property isn't just a home; its a smart financial move. Whether you're looking to grow your investment portfolio or secure your family's future, 38 Pendeen is the turnkey solution you've been waiting for. Dont let this opportunity slip away come see it for yourself and imagine the possibilities! **EXTRAS** *Separately Metered Units * Coin Operated Laundry * Roof Replaced 2021 * Bathrooms Renovated 2014 * Foundation Re-Waterproofed 2020 * Interior Stair Upgrade 2017 * New Kitchen In Unit 3 2019 * Quiet Neighbourhood * In - Demand Location*
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Property Features
Water Heater, Mutual
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Property Details
Address
38 Pendeen Avenue
Community
City
Postal Code
M6N 2P3
Property Type
Triplex, Triplex
Days On Market
179
Lot Size
25' x 125'
Taxes
$4,711 (2024
Basement
Apartment, Finished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Detached
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Solid Toronto Triplex Investment - Long-Term Hold Opportunity. Rarely offered, this three-unit triplex has been held by the same ownership for over 20 years. The property features three self-contained two-bedroom apartments, each with its own kitchen and living space, plus tenant parking, a detached garage, and coin-operated laundry for additional income. Located near Dufferin Street and Wilson Avenue in a low-vacancy Toronto neighbourhood that has seen steady redevelopment and infrastructure growth. Close to transit, schools, parks, and community amenities.As of April 1st only one unit will be vacant, the rest of the tenants to be assumed. All tenants to be assumed. Property is being sold as-is, where-is. All measurements, sizes, and area information are approximate and have been obtained from a previous listing; buyers to verify all information independently. Ideal for investors seeking stable rental income and long-term upside in an evolving area.
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Discover a rare offering in a prime Toronto location and family-friendly neighbourhood. This well-maintained triplex features three spacious 2-bedroom apartments, each with excellent layouts. Perfectly suited for investors or end-users, this property offers both strong income potential or the opportunity to live in one unit while tenants help offset the mortgage. Just steps to the subway, the new Eglinton Crosstown LRT, and an array of shops, cafes, and restaurants along Eglinton Avenue. Outdoor enthusiasts will love being only a short walk from the coveted Cedarvale Parks with trails, tennis courts, green space and the dog park. Whether you're an investor looking for a stable, income-generating property, or a savvy buyer seeking to combine homeownership with built-in financial advantages, 4 Lanark Ave presents a rare chance to secure a versatile asset in a thriving neighbourhood.
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