55 Thirty Eighth Street
Long Branch, Toronto, M8W 3M2
FOR SALE
$2,188,000
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BEDROOMS5
BATHROOMS5
KITCHENS12
ROOMSW13556668
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Property Description
An exceptional multiplex opportunity in the highly sought-after Long Branch community of Etobicoke, just steps from Marie Curtis Park and the shores of Lake Ontario. This well-maintained property, on a 50' x 137' lot, features five spacious units, including four one-bedroom apartments and one expansive three-bedroom suite. All four one-bedroom units are tenanted at market rents, offering immediate, stable income. The impressive three-bedroom unit-approximately 1,500 sq ft-is currently vacant, providing flexibility for owner occupancy or the opportunity for a new buyer to lease at top market value. The building offers separately metered hydro for four of the five units, helping streamline expenses and management. Each unit has been beautifully renovated with generous layouts that appeal to quality tenants. Additional income potential comes on site laundry in the lower level and from a detached four-car garage, ideal for indoor parking rentals, along with four exterior parking spaces-eight in total. Located in a prime lakeside neighbourhood with strong rental demand, this is a turnkey investment with upside potential and long-term value.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2023-06-26 | 2023-12-23 | 180 | $1,999,900 | $1,950,000 |
| 2004-08-23 | 2004-10-15 | 53 | $589,000 | $535,000 |
Nearby Intersections
Property Features
Separate Hydro Meter, Private, Available
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Property Details
Address
55 Thirty Eighth Street
Community
City
Postal Code
M8W 3M2
Property Type
Fourplex, Fourplex
Lot Size
50' x 136'
Taxes
$8,393 (2025
Basement
Apartment, Finished, Separate Entrance
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Listing contracted with Stonecastle Realty Group Inc.
Phenomenal Investment and Profitable 4.75% Cap Rate in Toronto for this 4-Suite Fourplex - Investor Purchase Or Live in One Suite and Let the Other Three Pay Your Mortgage! Turn-key investment in Toronto's rapidly transforming Keelesdale neighbourhood. This fully occupied residential fourplex is ideal for house-hackers or investors seeking immediate cash flow. Property Highlights: Four upgraded units: Three 2-bedroom, 1-bath + one oversized 1-bedroom, 1-bathModern finishes throughout: stainless steel appliances, laminate flooring, upgraded quartz counters & backsplashes. Strong rental income potential: The Four suites generate $8,500+ monthly gross in today's rental market. Separate entrances and low-maintenance ownership. Prime Location:Steps to TTC transit, shops, restaurants. Perfect for quality tenants and future appreciation in this up-and-coming west-end pocket. Whether you want to live in one unit rent-free or add a solid cash-flowing asset to your portfolio, this multiplex delivers and is ready for immediate ownership.
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Gorgeous 100+ year old purpose built 4-unit multiplex in the heart of the prestigious Regal Heights Neighbourhood in Corso Italia. Offering over 4,000 sqft of living space plus a 2,000+ sqft basement. Each of the four spacious units ranges between 1,000-1,200 sqft and features 2 bedrooms, with every tenant enjoying access to approximately 500 sqft of basement space. Meticulously maintained by a private owner with true pride of ownership, this property has seen recent upgrades including a new roof, new windows, and an updated breaker electrical panel. Perfectly situated in vibrant Regal Heights, steps to all that St. Clair Ave W has to offer! Shops, restaurants, TTC transit (street car stop right across the street), and community amenities, this is a rare opportunity to own a turnkey, income-generating multiplex in one of Torontos most desirable and culturally rich neighbourhoods. NOI approx $98K annually. Financials attached to listing.
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