$939,900
Est. payment $4,162/moCalculate yours
167 Magnolia Avenue, Toronto, ON M1K 3K7
Kennedy Park, Scarborough, ON M1K 3K7
- 4 + 1 Beds
- 3 Baths
- 1,500 Sq Ft
Listing courtesy of RARE REAL ESTATE MLS® E13851328
About this home
Full brick, three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property recently generated $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 4-piece bathroom. Upper unit is vacant, remaining two units have signed N11’s so can request vacant possession. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough’s most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 1,500 sqft
Interior
- Bedrooms
- 4 + 1
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Finished, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 30 x 109 Feet
- Parking
- None garage · 3 total
Financial
- Property Taxes
- $4,397 (2026)
Location
- Neighbourhood
- Kennedy Park
- Cross Street
- Danforth / Midland
- Direction Faces
- West
Listing
- MLS® Number
- E13851328
- Days on Market
- 18
- Listed On
- 2026-09-30
- Possession
- FLEXIBLE
- Listed By
- RARE REAL ESTATE
Features
Interior
- Accessory Apartment
- Carpet Free
- Storage
- Water Heater
Property
- Fenced Yard
- Library
- Place Of Worship
- Park
- Public Transit
- Rec./Commun.Centre
Pool
- None
- Included
- 3 Fridges, 3 Stoves, Dryer/Washer (Coin Operated). All Light Fixtures.
- Excluded
- Tenant's belongings
- Rental items
- HWT (2025) - $36
Mortgage calculator
Estimated mortgage payment
$4,162 per month
- Principal and interest
- $4,162
- Property tax
- $366
- Condo fees
- $0
- Estimated monthly cost
- $4,528
Your mortgage
- Mortgage amount
- $751,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $496,582
Cash to close
- Down payment
- $187,980
- Land transfer tax (Ontario + Toronto)
- $30,546
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $218,526
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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