58 Forty First Street
Long Branch, Toronto, M8W 3N6
FOR SALE
$1,599,900

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6 + 2
BEDROOMS3
BATHROOMS2
KITCHENS12 + 5
ROOMSW13518424
MLSIDContact Us
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. 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, Duplex
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.
The perfect duplex in Dovercourt Village, complete with a basement apartment-offering a total of three self-contained units. This property is full of endless potential. Featuring a double-car garage at the rear with garden suite potential, plus a private driveway accommodating up to three additional vehicles, it's no surprise this home has been cherished by the same family for years. Enjoy windows in every room and durable laminate and tile flooring throughout. Main floor unit offers a spacious three-bedroom layout with an L-shaped eat-in kitchen, a gas stove on the main floor for the culinary chef. and laminate and tile flooring throughout. The bathroom has been renovated, and the unit includes access to a private backyard deck. Second-floor unit features two generous bedrooms, a bright kitchen with a window, and the convenience of ensuite laundry. Basement unit includes a separate entrance, a four-piece bathroom, and has been waterproofed on the west side of the home. It also offers a spacious bedroom with a closet. Ideally located just minutes from Bloor Street shops, Dovercourt Park, Christie Pits, and a short walk to Dufferin subway station.
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*** Visit the REALTOR website for further information about this Listing *** A rare detached legal duplex in midtown Toronto offering strong income today with significant development upside. Situated on a 25 ft 125.5 ft lot, the property includes two private rear laneway parking spaces, 6 bedrooms, and 3 bathrooms across three self-contained units, each with its own kitchen and living space. Approved architectural permits 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-positioning the property for five legal units at full build-out. Fire separations, egress paths, and structural notes are already documented, creating a clear, low-friction pathway for redevelopment. Located in the rapidly improving Fairbank neighbourhood, the home is steps to parks, schools, community facilities, and the soon-to-open Fairbank LRT Station, with Eglinton West subway access nearby. The area continues to benefit from major transit and infrastructure investment, supporting long-term value growth. Marketed as a Strong CMHC Candidate, this is an exceptional opportunity for investors seeking both immediate income and future scalability.
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An excellent opportunity to acquire a well-performing multi-residential property in Toronto's evolving and highly desirable Oakwood Village neighbourhood. 279 Lauder Ave offers investors a stable, income-generating asset in a community experiencing strong rental demand and ongoing revitalization. This very well-managed property has been meticulously maintained by an experienced owner, reflecting pride of ownership and operational efficiency. Recent upgrades include all windows and blinds, exterior doors, driveway and parking areas, composite back deck, refreshed front deck, front stairs and railings, bathrooms, electrical panels, tankless water heater, and most appliances. Current rents are at market level and investors benefit from a **strong cap rate of 4.65%**, with minimal need for repositioning.Tenants benefit from efficient floorplans and excellent transit access, with the St. Clair streetcar just an 8-minute walk away, connecting seamlessly across the city. The property is also steps from the lively St. Clair West corridor, known for its diverse mix of cafés, restaurants, and local shops, enhancing everyday convenience and lifestyle appeal.This well-managed asset reflects pride of ownership and long-term care, making it an ideal turnkey addition to any investment portfolio. With strong fundamentals, desirable location, and steady income, 279 Lauder Ave is positioned for continued tenant demand and future growth.
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