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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, 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 mostsought-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)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.2 x 6.99 meters |
| Bedroom | Third level | 3.24 x 3.29 meters |
| Living room | Lower level | 3.87 x 6.16 meters |
| Dining room | Lower level | 3.87 x 6.16 meters |
| Kitchen | Lower level | 3.87 x 6.16 meters |
| Bedroom | Lower level | 3.23 x 3.62 meters |
| Dining room | Main level | 4.42 x 6.99 meters |
| Kitchen | Main level | 4.42 x 6.99 meters |
| Bedroom | Main level | 2.17 x 4.89 meters |
| Living room | Second level | 4.47 x 7.04 meters |
| Dining room | Second level | 4.47 x 7.04 meters |
| Kitchen | Second level | 4.47 x 7.04 meters |
| Bedroom | Second level | 4.25 x 3.59 meters |
| Pantry | Second level | 2.35 x 1.01 meters |
| Bedroom | Third level | 2.39 x 2.88 meters |
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (High Park-Swansea) before counting on it.
How is the space laid out across floors?+
This is a 2.5-storey multi-family. The 5 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
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.
Is 238 GARDEN AVENUE a good fit for a growing family?+
With 5 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 2 spaces — No Garage.
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