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For saleMLS® W14120384

238 Garden Avenue, Toronto, ON M6R 1J1

High Park-Swansea · W01 · M6R 1J1

$2,125,000

$961 / sq ft

1 weeks on market

Total area
2,212 sf
Lot
17.83 × 121.75 ft

What's special

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About this property

Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This truly LEGAL triplex has been completely rebuilt from the studs, offering a turnkey, income-producing asset with strong rental demand and low maintenance requirements. The property features an ideal unit mix of two one-bedroom apartments on the lower and main levels, along with a spacious three-bedroom upper-level suite, totalling approximately 2212 sq. ft. of rentable area. Each suite is thoughtfully designed with contemporary finishes, a sleek kitchen with stainless steel appliances, in-suite laundry, bright open-concept living spaces, and walkout access to a private deck or patio. An exceptional opportunity to acquire a fully leased investment property with reliable income and outstanding long-term appreciation potential in one ofToronto's most sought-after rental markets. Leveraged CAP rate of 8.66% with 30% down. Gross Income: $116,400, Expenses $17,750, Net Income $98,650 in year 1. Offering memorandum available.

Property details

Property

Property type
investment
Interior size
2,212 sq ft
Lot size
17.83 × 121.75 ft
Zoning
R (d.06) (x290)
Possession
TBA

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Sewer
Sanitary

Costs

List price
$2,125,000
Property taxes
$8,602 / year (2026)
Price per sq ft
$961

Listing

MLS® number
W14120384
Status
For sale
Listed
October 27, 2026
Days on market
9
Last updated
October 27, 2026
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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 41% of comparable multi-unit / investment listings in Toronto are asking less.

$882KMedian $2.70M$8.27M
This home
$961 / sq ft
Comparable median
$697 / sq ft

Based on 95 comparable active multi-unit / investment listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $425,000
$425,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$9,399.59
Property tax (est.)
$716.80
Estimated monthly
$10,116

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
$39,600
Toronto municipal
$39,600
Total due on closing
$79,200

An estimate on the asking price of $2,125,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.. 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.

$2,125,000

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