238 Garden Avenue Toronto, ON M6R 1J1
Listing Courtesy of: PropTX - IDX / Listed By: Royal Lepage Real Estate Services Ltd.

  238 Garden Avenue Toronto, ON M6R 1J1

Active
$2,229,000 (CAD)
5
BED
4
BATH
1500-2000
SQFT

Description

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, 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.

MLS®:
W13636118
Taxes
$8,602(2026)
Lot Size
2,131 SQFT
Type
Multifamily
Style
2 1/2 Storey
County
Toronto
Community
High Park-Swansea

Listed By

Royal Lepage Real Estate Services Ltd.
Source
PropTX - IDX
Last checked Aug 28 2026 at 11:17 AM EDT
Bathroom Details
Interior Features
  • None
Property Features
  • Foundation: Concrete Block
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Apartment
  • Separate Entrance
Pool Information
  • None
Exterior Features
  • Brick
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Sewer
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • None
Parking
  • Lane
Stories
  • 3
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Disclaimer: Copyright 2026 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/28/26 04:17