Gurvinder Nokwal REALTOR®
For Sale Detached 18 days on market

$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
Map

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

Minimum for this price: $68,990 (7.34%)

Amortization, years

Estimated mortgage payment

$4,162 per month

Principal and interest
$4,162
Property tax
$366
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
Total, before legal fees
$218,526
Talk to me about financing

Estimates 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

167 Magnolia Avenue, Toronto, ON M1K 3K7 Kennedy Park, Scarborough, ON M1K 3K7
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Also listed as MLS® E13565974

Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$939,900 167 Magnolia Avenue, Toronto, ON M1K 3K7
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