167 Magnolia Avenue

About this property

Full brick, three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property recently generated $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 4-piece bathroom. Upper unit is vacant, remaining two units have signed N11's so can request vacant possession. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough's most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing.

Property details

MLS® Number

E13851328

Property Type

Detached

Style

2-Storey

Lot Size

30 × 109 feet

Garage

None

Basement

Finished, Separate Entrance

Heating

Forced Air

Cooling

Central Air

Annual Taxes

$4,396.69

Listed

October 1, 2026

Brokerage

RARE REAL ESTATE