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$ 2,188,000
Est. payment /mo
New
55 Thirty Eighth ST Toronto W06, ON M8W 3M2
7 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Municipality Toronto W06
Subdivision Long Branch
MLS Listing ID W13556668
Style 2-Storey
Bedrooms 7
Annual Tax Amount $8,393
Tax Year 2025
Property Sub-Type Fourplex
Property Description
An exceptional multiplex opportunity in the highly sought-after Long Branch community of Etobicoke, just steps from Marie Curtis Park and the shores of Lake Ontario. This well-maintained property, on a 50' x 137' lot, features five spacious units, including four one-bedroom apartments and one expansive three-bedroom suite. All four one-bedroom units are tenanted at market rents, offering immediate, stable income. The impressive three-bedroom unit-approximately 1,500 sq ft-is currently vacant, providing flexibility for owner occupancy or the opportunity for a new buyer to lease at top market value. The building offers separately metered hydro for four of the five units, helping streamline expenses and management. Each unit has been beautifully renovated with generous layouts that appeal to quality tenants. Additional income potential comes on site laundry in the lower level and from a detached four-car garage, ideal for indoor parking rentals, along with four exterior parking spaces-eight in total. Located in a prime lakeside neighbourhood with strong rental demand, this is a turnkey investment with upside potential and long-term value.
Location
State ON
County Toronto
Community Toronto W06
Area Toronto
Rooms
Family Room Yes
Basement Apartment, Finished, Separate Entrance
Kitchen 5
Interior
Interior Features Separate Hydro Meter
Cooling None, Window Unit(s)
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private, Available
Garage Spaces 4.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 136.5
Total Parking Spaces 8
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by STONECASTLE REALTY GROUP INC.