55 Thirty Eighth Street
Toronto W06, ON
- 3,168 sqft
- Investment
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.
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Listing Details
- Taxes (2026)
- $8,393
- Listed
- September 11, 2026
Price History
Listing history
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Property
- Lot Size
- 50 x 136.5 Feet
Parking
- Garage
- Double Detached
Location & Legal
- Cross Street
- Lakeshore Blvd W 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
- Hot water tanks (owned), All kitchen appliances, All interior and exterior lighting (not owned by tenants), Window coverings if not belonging to tenants, 4 hardwired security cameras (hardware only) 3 exterior and 1 interior
- Exclusions
- 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
- $776,800
- Homes sold
- 967
- Median days on market
- 24
- Sale-to-list price
- 97.8%
Based on 967 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
- $678.66
- 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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