Apartment buildings for sale in Toronto

238 Garden Avenue, Toronto W01

2 to 5 units
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Updated September 15, 2026
$2,199,000
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Details from the listing

Property taxes$8,602 (2026)
Lot size2,131 sq. ft.
Total area2,212 sq. ft.
OccupancyTenant
HeatGas Forced Air Closed

From the listing

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, totaling 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 of Toronto'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.

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Listings refreshed September 21, 2026 at 6:47 p.m. ET