58 Forty First Street
Long Branch, Toronto, M8W 3N6
FOR SALE
$1,299,900
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6 + 2
BEDROOMS 3
BATHROOMS 2
KITCHENS 12 + 5
ROOMS W13518424
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Property Description
Beautifully renovated detached triplex on a large 50 x 120 foot lot in an unbeatable Toronto location, offering exceptional income potential for investors or end users looking to live in one unit while generating rental income from the others, potential double lot and also potential to add a garden suite to increase revenue. This well-maintained property features three self-contained units, including two spacious 3-bedroom suites and a 2-bedroom lower-level apartment, making it an ideal opportunity for multi-generational living or strong cash flow. Each upper unit showcases hardwood flooring throughout, updated kitchens with stone countertops, stainless steel appliances, modern cabinetry and stylish finishes. The thoughtfully designed layouts offer generous living and dining areas, spacious bedrooms and renovated bathrooms. The lower-level apartment provides additional income potential with its own kitchen, living space, 2 bedrooms and full bath. The property also offers a common storage area, coin-operated laundry, a newer hot water tank and no rental items for added peace of mind. Outside, enjoy a detached double-car garage plus parking for up to 8 vehicles-an incredibly rare feature in the city. Conveniently located close to the TTC, GO Train, the lake, parks, schools, and shopping, this turnkey investment combines location, versatility, and outstanding value in one exceptional property. Fully leased with great AAA tenants! Start building equity immediately!
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2012-01-07 | 2012-02-08 | 32 | $819,000 | $819,000 |
| 2006-06-21 | 2006-07-29 | 38 | $515,000 | $500,000 |
| 2004-09-09 | 2004-11-07 | 59 | $449,900 | $438,000 |
Nearby Intersections
Property Features
Separate Hydro Meter, Storage Area Lockers, Private
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Property Details
Address
58 Forty First Street
Community
City
Postal Code
M8W 3N6
Property Type
Duplex, Triplex
Lot Size
50' x 120'
Taxes
$7,075 (2026
Basement
Apartment, Separate Entrance, Finished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
Detached
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Listing contracted with Re/Max Premier Inc.
Rare & Exceptional Opportunity In The Heart Of Mimico! This well-maintained, owner-occupied legal duplex offers an incredible combination of multiple units, location, lot size, and parking. Currently configured as a legal duplex, featuring a spacious 2-bedroom main-floor unit and a generous 3-bedroom upper unit. The lower level offers an additional 1-bedroom apartment with a separate entrance, an excellent opportunity for buyers looking to maximize the property's potential. Each unit features separate hydro meter and ensuite laundry. Set on a rare 146-foot-deep lot, the property also features a detached garage and private parking; an exceptional offering in this highly sought-after Mimico neighbourhood. The home has been lovingly cared for by its owner and offers a fantastic opportunity for investors, multi-generational families or buyers looking for additional rental income. Steps to Parklawn and Lakeshore, enjoy the best of Mimico with the lake, waterfront trails, parks, dining, shopping, transit and major commuter routes all close by. A truly rare property with exceptional potential in one of Toronto's most desirable west-end communities.
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Rare detached legal duplex in Midtown Toronto offering exceptional flexibility and income potential. Situated on a 25 x 125 ft lot, The Property Offers 6 Bedrooms, 3 Bathrooms In Total, Plus living areas, Approved architectural plans allow the main house to expand from a legal duplex into a legal 4-unit multiplex, with an additional 2-storey garden suite permitted at the rear. Fire separations, egress requirements and structural notes have already been documented, creating a clear path for redevelopment. Located in the rapidly improving Fairbank neighborhood, just steps to parks, schools, community amenities and the soon-to-open Fairbank LRT Station, with Eglinton West subway access nearby. A unique opportunity offering immediate rental income, long-term growth potential and multiple future-use possibilities.
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