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 size | 2,131 sq. ft. |
| Occupancy | Tenant |
| Heat | Forced Air, Gas |
From the listing
Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This truly LEGAL triplex has been completely rebuilt, 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 main and lower levels, along with a spacious three-bedroom upper-level suite, totalling approximately 2,212 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 mostsought-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 October 1, 2026 at 12:25 a.m. ET