167 Magnolia Avenue
Toronto E04, ON
- 5 bed
- 3 bath
- approx. 1500-2000 sqft
- Detached
- 55 days on market
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.
Listing Details
- Taxes (2026)
- $4,397
- Listed
- July 15, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Accessory Apartment, Carpet Free, Storage, Water Heater
- Lot Size
- 30 x 109 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Danforth / Midland
- Parcel Number
- 064940009
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 3 Fridges, 3 Stoves, Dryer/Washer (Coin Operated). All Light Fixtures.
- Exclusions
- Tenant's belongings
- Rental Items
- HWT (2025) - $36
Schools
Secondary
- Scarborough Centre for Alternative Studi0.2 km
Public · Toronto DSB · 365 students
- Caring and Safe School 30.3 km
Public · Toronto DSB
- South East Secondary Alternative School0.3 km
Public · Toronto DSB · 55 students
Elementary
- Corvette Junior Public School0.4 km
Public · Toronto DSB · 575 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 34% met the provincial standard
- Robert Service Senior Public School0.6 km
Public · Toronto DSB · 240 students
- Norman Cook Junior Public School0.8 km
Public · Toronto DSB · 180 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 57% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area M1K
- Population
- 48,175
- Private dwellings
- 18,687
- Median age
- 40.4
- Average household size
- 2.7
- Median household income
- $72,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Toronto E04 · last 12 months
- Median sold price
- $810,000
- Homes sold
- 635
- Median days on market
- 20
- Sale-to-list price
- 99.1%
Based on 635 recorded sales of residential freehold properties in Toronto E04 over the last 12 months.
Listed by
RARE REAL ESTATE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $366/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions 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.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?