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$ 2,075,000
Est. payment /mo
Price Dropped by $75K
55 Thirty Eighth ST Toronto W06, ON M8W 3M2
3,168 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,168 sqft
Price per Sqft $654
Municipality Toronto W06
Subdivision Long Branch
MLS Listing ID W13780184
Annual Tax Amount $8,393
Tax Year 2026
Property Sub-Type Investment
Property Description
TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare five units, legal fourplex + 1 non confirming, 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.
Location
Province ON
County Toronto
Community Toronto W06
Area Toronto
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 50.0
Lot Depth 136.5
Others
ParcelsYN No
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Listed by STONECASTLE REALTY GROUP INC.