$2,150,000
Est. payment $9,520/moCalculate yours
55 Thirty Eighth Street, Toronto, ON M8W 3M2
Long Branch, Etobicoke, ON M8W 3M2
- 7 Beds
- 5 Baths
- 4 Garage
- 3,000 Sq Ft
Listing courtesy of STONECASTLE REALTY GROUP INC. MLS® W13780002
About this home
TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare 5 units, fourplex + one non conforming, in one of Etobicoke’s most sought-after lakeside communities. Situated on an impressive 50′ x 137′ lot, just steps from Marie Curtis Park and Lake Ontario, this property offers the combination investors look for: strong in-place income, substantial parking, renovated units, and meaningful potential. The property features five generously sized apartments. four x1 bed suites and one x3 bedroom residence of approximately 1,500 sq. ft. The four one-bedroom units are currently tenanted at market rents, providing immediate, stable cash flow, while the three-bedroom suite is vacant and rent ready or can accommodate an owner-occupier. On-site laundry, a detached four-car garage, and additional exterior parking spaces provide multiple opportunities to generate additional revenue. Located in the heart of Long Branch, surrounded by parks, transit, the lakefront, shops, and established neighbourhood amenities, this property is positioned in a community with strong rental demand and long-term fundamentals.
Property details
Overview
- Property Type
- Fourplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 3,000 sqft
Interior
- Bedrooms
- 7
- Bathrooms
- 5
- Kitchens
- 5
- Basement
- Apartment, Finished with Walk-Out
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 136.5 Feet
- Parking
- Detached garage · 8 total
- Zoning
- RD(f12;a370;d0.35)
Financial
- Property Taxes
- $8,393 (2026)
Location
- Neighbourhood
- Long Branch
- Cross Street
- Lakeshore Blvd W and Thirty Eighth Street
- Direction Faces
- East
Listing
- MLS® Number
- W13780002
- Days on Market
- 37
- Listed On
- 2026-09-11
- Possession
- TBD
- Listed By
- STONECASTLE REALTY GROUP INC.
Features
Interior
- Separate Hydro Meter
Pool
- None
- Included
- Hot water tanks (owned), All kitchen appliances, All interior and exterior lighting (not owned by tenants), Window coverings if not belonging to tenants, 4 hardwired security cameras (hardware only) 3 exterior and 1 interior
- Excluded
- Tenant belongings
- Rental items
- Coinamatic washer and dryer
Mortgage calculator
Estimated mortgage payment
$9,520 per month
- Principal and interest
- $9,520
- Property tax
- $699
- Condo fees
- $0
- Estimated monthly cost
- $10,219
Your mortgage
- Mortgage amount
- $1,720,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,135,920
Cash to close
- Down payment
- $430,000
- Land transfer tax (Ontario + Toronto)
- $80,450
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $510,450
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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