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238 Garden Av 3 Unit Apartment Building Offered at $2,229,000 CAD Toronto, ON M6R 1J1
Investment Highlights
- Legal Triplex
- Fully Leased building
- Fully renovated apartments
Executive Summary
Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This truly LEGAL triplex has been completely rebuilt, offering a turnkey, income-producing asset with strong rental demand and low maintenance requirements. The property features an ideal unit mix of two one-bedroom apartments on the main and lower levels, along with a spacious three-bedroom upper-level suite, totalling approximately 2,212 sq. ft. of rentable area. Each suite is thoughtfully designed with contemporary finishes, a sleek kitchen with stainless steel appliances, in-suite laundry, bright open-concept living spaces, and walkout access to a private deck or patio. An exceptional opportunity to acquire a fully leased investment property with reliable income and outstanding long-term appreciation potential in one of Toronto's most sought-after rental markets. Leveraged CAP rate of 8.66% with 30% down. Gross Income: $116,400, Expenses $17,750, Net Income: $98,650 in year 1. Offering Memorandum available.
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Kitchen
- Stainless Steel Appliances
- Deck
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Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Very bikeable
80/100
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238 Garden Av
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