238 Garden Avenue

About this property

Exceptional investment opportunity in one of Toronto's most desirable west-end neighborhoods. 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, totaling 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 details

MLS® Number

W14120500

Property Type

Triplex

Style

2 1/2 Storey

Lot Size

17.83 × 121.75 feet

Garage

None

Basement

Apartment, Separate Entrance

Heating

Forced Air

Cooling

Central Air

Annual Taxes

$8,601.56

Listed

October 27, 2026

Brokerage

ROYAL LEPAGE REAL ESTATE SERVICES LTD.