55 Thirty Eighth Street
Long Branch, Toronto, M8W 3M2
FOR SALE
$2,150,000
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7
BEDROOMS 5
BATHROOMS 5
KITCHENS 12
ROOMS W13780002
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Property Description
TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare five-unit multiplex in one of Etobicoke's most sought-after lakeside communities. Situated on an impressive 50' x 137' lot, just steps from Marie Curtis Park and Lake Ontario, this property offers the combination investors look for: strong in-place income, substantial parking, renovated units, and meaningful potential. The property features five generously sized apartments. four x1 bed suites and one x3 bedroom residence of approximately 1,500 sq. ft. The four one-bedroom units are currently tenanted at market rents, providing immediate, stable cash flow, while the three-bedroom suite is vacant and rent ready or can accommodate an owner-occupier. On-site laundry, a detached four-car garage, and additional exterior parking spaces provide multiple opportunities to generate additional revenue. Located in the heart of Long Branch, surrounded by parks, transit, the lakefront, shops, and established neighbourhood amenities, this property is positioned in a community with strong rental demand and long-term fundamentals.
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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
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Property Details
Address
55 Thirty Eighth Street
Community
City
Postal Code
M8W 3M2
Property Type
Fourplex, Fourplex
Zoning
RD(f12;a370;d0.35)
Lot Size
50' x 136'
Taxes
$8,393 (2026
Basement
Apartment, Finished with Walk-Out
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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