167 Magnolia Avenue, Toronto, ON M1K 3K7
- $999,900
- 5
- BD
- 3
- BA
- 1,500
- SqFt
- List Price
- $999,900
- MLS#
- E13565974
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 2-Storey
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 1500-2000
- Province
- ON
- Municipality
- Toronto
- Area
- Toronto
- Neighborhood
- Kennedy Park
- Subdivision
- Danforth / Midland
Property Description
Full brick, turnkey three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property currently generates approximately $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 3-piece bathroom. Investors/Buyers can assume the existing tenants (all month to month leases) for instant income or request vacant possession with a 60+ day closing to move in or re-lease at full market rent. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough's most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing.
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Additional Information
- Taxes
- $4,396
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 3
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 3
- Parking Type
- Private
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Listing courtesy of RARE REAL ESTATE.