$2,199,000
Est. payment $9,737/moCalculate yours
238 Garden Avenue, Toronto, ON M6R 1J1
High Park-Swansea, Toronto, ON M6R 1J1
- 4 + 1 Beds
- 4 Baths
- 1,500 Sq Ft
Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD. MLS® W13786876
About this home
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.
Property details
Overview
- Property Type
- Triplex
- Style
- 2 1/2 Storey
- For
- For Sale
- Status
- New
- Size
- 1,500 sqft
Interior
- Bedrooms
- 4 + 1
- Bathrooms
- 4
- Kitchens
- 3
- Basement
- Apartment, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 17.83 x 121.75 Feet
- Parking
- None garage · 2 total
- Zoning
- R (d.06) (x290)
Financial
- Property Taxes
- $8,602 (2026)
Location
- Neighbourhood
- High Park-Swansea
- Cross Street
- Sunnyside / High Park
- Direction Faces
- South
Listing
- MLS® Number
- W13786876
- Days on Market
- 33
- Listed On
- 2026-09-15
- Possession
- TBD
- Listed By
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
Features
Interior
- None
Property
- Hospital
- Library
- Park
- Place Of Worship
- Public Transit
- School
Pool
- None
Mortgage calculator
Estimated mortgage payment
$9,737 per month
- Principal and interest
- $9,737
- Property tax
- $717
- Condo fees
- $0
- Estimated monthly cost
- $10,453
Your mortgage
- Mortgage amount
- $1,759,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,161,809
Cash to close
- Down payment
- $439,800
- Land transfer tax (Ontario + Toronto)
- $82,900
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $522,700
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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