55 Thirty Eighth Street
Toronto W06, ON
- 7 bed
- 5 bath
- approx. 3000-3500 sqft
- Fourplex
- 55 days on market
An exceptional multiplex opportunity in the highly sought-after Long Branch community of Etobicoke, just steps from Marie Curtis Park and the shores of Lake Ontario. This well-maintained property, on a 50' x 137' lot, features five spacious units, including four one-bedroom apartments and one expansive three-bedroom suite. All four one-bedroom units are tenanted at market rents, offering immediate, stable income. The impressive three-bedroom unit-approximately 1,500 sq ft-is currently vacant, providing flexibility for owner occupancy or the opportunity for a new buyer to lease at top market value. The building offers separately metered hydro for four of the five units, helping streamline expenses and management. Each unit has been beautifully renovated with generous layouts that appeal to quality tenants. Additional income potential comes on site laundry in the lower level and from a detached four-car garage, ideal for indoor parking rentals, along with four exterior parking spaces-eight in total. Located in a prime lakeside neighbourhood with strong rental demand, this is a turnkey investment with upside potential and long-term value.
Listing Details
- Taxes (2025)
- $8,393
- Listed
- July 13, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- Separate Hydro Meter
- Lot Size
- 50 x 136.5 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 4
- Total Parking
- 8
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Lakeshore Blvd and Thirty Eighth Street
- Parcel Number
- 075790204
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- All kitchen appliances, 4 hardwired security cameras (hardware only) 3 exterior and 1 interior, all interior and exterior lighting (not owned by tenants), any window coverings (not owned by tenants)
- Exclusions
- All tenant belongings
- Rental Items
- Coinamatic washer and dryer
Schools
Elementary
- École élémentaire Micheline-Saint-Cyr0.5 km
French public · CS Viamonde · 235 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 62% met the provincial standard
- St Josaphat Catholic School0.5 km
Catholic · Toronto CDSB · 390 students
Grade 3 reading: 8% met the provincial standard · Grade 6 math: 46% met the provincial standard
- James S Bell Junior Middle School0.7 km
Public · Toronto DSB · 375 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 55% met the provincial standard
Secondary
- Father John Redmond Catholic Secondary School1.8 km
Catholic · Toronto CDSB · 1160 students
Grade 10 literacy: 94% met the provincial standard
- Lakeshore Collegiate Institute1.9 km
Public · Toronto DSB · 650 students
Grade 10 literacy: 75% met the provincial standard
- Peel Alternative South2.8 km
Public · Peel DSB · 190 students
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 M8W
- Population
- 22,381
- Private dwellings
- 9,994
- Median age
- 41.6
- Average household size
- 2.4
- Median household income
- $95,000
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 W06 · last 12 months
- Median sold price
- $775,000
- Homes sold
- 974
- Median days on market
- 24
- Sale-to-list price
- 97.8%
Based on 974 recorded sales of residential freehold properties in Toronto W06 over the last 12 months.
Listed by
STONECASTLE REALTY GROUP INC.
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Location
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Mortgage Calculator
$437,600
Estimated Monthly Payment
$10,749
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: $10,749/mo (20% down, 5.5%)
Taxes: $699/mo · Insurance: $547/mo
Estimates only. Consult a financial advisor.
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