55 Thirty Eighth Street
Toronto W06, ON
- 3,168 sqft
- Investment
- 58 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
- Lot Size
- 50 x 136.5 Feet
Parking
- Garage
- Covered
Location & Legal
- Cross Street
- LAKESHORE BLVD AND THIRTY EIGHTH STREET
- Zoning
- RD(f12;a370;d0.35)
- Parcel Number
- 075790204
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
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
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
Commercial in Toronto W06 · last 12 months
- Median sold price
- $775,000
- Homes sold
- 971
- Median days on market
- 24
- Sale-to-list price
- 97.8%
Based on 971 recorded sales of commercial properties in Toronto W06 over the last 12 months.
Listed by
STONECASTLE REALTY GROUP INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 3,168 sq ft
- Price per sq ft
- $690.66
- Annual property tax
- $8,393
- Tax per sq ft
- $2.65
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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