Jag Patel
Broker
$2,250,000
Available - For Sale
Listing ID: W13093490
55 Thirty Eighth Street , Toronto, M8W 3M2, Toronto
| 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. |
| Price | $2,250,000 |
| Taxes: | $8393.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 55 Thirty Eighth Street , Toronto, M8W 3M2, Toronto |
| Postal Code: | M8W 3M2 |
| Province/State: | Toronto |
| Legal Description: | LT 137, PL 2155 ; ETOBICOKE , CITY OF TO |
| Directions/Cross Streets: | LAKESHORE BLVD AND THIRTY EIGHTH STREET |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 3168.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
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| STONECASTLE REALTY GROUP INC. |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto W06 |
| Neighbourhood: | Long Branch |
| Tax: | $8,393 |
| Fireplace: | N |
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