$2,150,000
Available - For Sale
Listing ID: W13780184
55 Thirty Eighth Street , Toronto, M8W 3M2, Toronto
| TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare five-unit multiplex 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. |
| Price | $2,150,000 |
| 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 W 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 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| 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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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto W06 |
| Neighbourhood: | Long Branch |
| Tax: | $8,393 |
| Fireplace: | N |
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