41
$2,125,000 Sale
Listed 2 days ago
238 GARDEN AVENUE
· 4+1
· 4.0
· 2
· 1500 - 2000
Key Facts
Key facts for 238 GARDEN AVENUE
Property Type
Apartment
Parking
Garage: No, 2 parking
MLS #
W14120500
Size
1500 - 2000 sqft
Basement
N/A, N/A
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
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 on...e-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. (id:10452)
Room Types
Bedroom
-
Dimensions 2.39 m x 2.88 m
74.09 sqft
Bedroom
-
Dimensions 3.23 m x 3.62 m
125.86 sqft
Bedroom
-
Dimensions 3.24 m x 3.29 m
114.74 sqft
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Listing courtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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