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For saleMLS® W13780002

55 Thirty Eighth Street, Toronto, ON M8W 3M2

Long Branch · W06 · M8W 3M2

$2,075,000

$692 / sq ft

1 months on market

Bedrooms
7
Bathrooms
5
Interior
3,000 sf
Parking
8
Lot
50 × 136.5 ft

What's special

  • Detached garage
  • Basement apartment
  • Fireplace
  • Separate hydro meter

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About this property

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.

Features

  • Separate Hydro Meter

Property details

Property

Property type
multiplex
Bedrooms
7
Bathrooms
5
Interior size
3,000 sq ft
Lot size
50 × 136.5 ft
Zoning
RD(f12;a370;d0.35)
Possession
TBD

Interior

Basement
Apartment, Finished with Walk-Out
Heating
Radiant · Gas
Fireplaces
1
Exposure
East

Exterior & services

Construction
Brick
Garage
Detached
Parking spaces
8
Sewer
Sewer

Costs

List price
$2,075,000
Property taxes
$8,393 / year (2026)
Price per sq ft
$692
Rental items
Coinamatic washer and dryer

Listing

MLS® number
W13780002
Status
For sale
Listed
September 14, 2026
Days on market
52
Last updated
October 21, 2026
Listing brokerage
STONECASTLE REALTY GROUP INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 70% of comparable multiplex listings in Toronto are asking less.

$977KMedian $1.74M$2.97M
This home
$692 / sq ft
Comparable median
$835 / sq ft

Based on 96 comparable active multiplex listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $415,000
$415,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$9,178.42
Property tax (est.)
$699.42
Estimated monthly
$9,878

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$38,350
Toronto municipal
$38,350
Total due on closing
$76,700

An estimate on the asking price of $2,075,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of STONECASTLE REALTY GROUP INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$2,075,000

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