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238 GARDEN AVENUE, Toronto (High Park-Swansea) — listed at $2,199,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This truly LEGAL triplex has been completely rebuilt from the studs, 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 lower and main levels, along with a spacious three-bedroom upper-level suite, totaling approximately 2212 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. (id:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $8,601.56, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Who is 238 GARDEN AVENUE best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What's the parking situation?+
This property includes 2 spaces.
Is there air conditioning?+
Yes — fully air conditioned cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What makes this a luxury property?+
At $2,199,000, standout features include 2212 sq ft. In this price range, expect higher-end finishes — verify during a showing.
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