238 Garden Avenue
Toronto W01, ON
- 5 bed
- 4 bath
- approx. 1500-2000 sqft
- Triplex
Exceptional investment opportunity in one of Toronto's most desirable west-end neighbourhoods. This truly LEGAL triplex has been completely rebuilt, offering a turnkey, income-producing asset with strong rental demand and low maintenance requirements. The property features an ideal unit mix of two one-bedroom apartments on the main and lower levels, along with a spacious three-bedroom upper-level suite, totalling approximately 2,212 sq. ft. of rentable area. Each suite is thoughtfully designed with contemporary finishes, a sleek kitchen with stainless steel appliances, in-suite laundry, bright open-concept living spaces, and walkout access to a private deck or patio. An exceptional opportunity to acquire a fully leased investment property with reliable income and outstanding long-term appreciation potential in one of Toronto's mostsought-after rental markets. Leveraged CAP rate of 8.66% with 30% down. Gross Income: $116,400; Expenses $17,750; Net Income: $98,650 in year 1. Offering Memorandum available.
Listing Details
- Taxes (2026)
- $8,602
- Listed
- September 15, 2026
Price History
Listing history
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Property
- Style
- 2 1/2 Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- None
- Lot Size
- 17.83 x 121.75 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 2
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Sunnyside / High Park
- Zoning
- R (d.06) (x290)
- Parcel Number
- 213440402
- Possession
- Other
- Occupancy
- Tenant
Schools
Elementary
- Garden Avenue Junior Public School0.1 km
Public · Toronto DSB · 175 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 94% met the provincial standard
- Fern Avenue Junior and Senior Public School0.3 km
Public · Toronto DSB · 675 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 62% met the provincial standard
- St Vincent de Paul Catholic School0.4 km
Catholic · Toronto CDSB · 260 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 63% met the provincial standard
Secondary
- ÉSC Saint-Frère-André1.2 km
French Catholic · CS catholique MonAvenir · 350 students
Grade 10 literacy: 96% met the provincial standard
- Parkdale Collegiate Institute1.2 km
Public · Toronto DSB · 635 students
Grade 10 literacy: 86% met the provincial standard
- École secondaire Toronto Ouest1.3 km
French public · CS Viamonde · 195 students
Grade 10 literacy: 100% 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 M6R
- Population
- 19,349
- Private dwellings
- 9,255
- Median age
- 39.2
- Average household size
- 2.2
- Median household income
- $104,000
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 W01 · last 12 months
- Median sold price
- $1,022,500
- Homes sold
- 474
- Median days on market
- 15
- Sale-to-list price
- 101.0%
Based on 474 recorded sales of residential freehold properties in Toronto W01 over the last 12 months.
Rooms
3-piece on Main, 3-piece on Second, 4-piece on Third, 3-piece on Lower
Third
- Bedroom7'10" x 9'5"
- Bedroom10'8" x 10'10"
Second
- Bedroom13'11" x 11'9"
- Dining Room14'8" x 23'1"
- Kitchen14'8" x 23'1"
- Living Room14'8" x 23'1"
- Pantry7'9" x 3'4"
Main
- Bedroom7'1" x 16'1"
- Dining Room14'6" x 22'11"
- Kitchen14'6" x 22'11"
- Living Room13'9" x 22'11"
Lower
- Bedroom10'7" x 11'11"
- Dining Room12'8" x 20'3"
- Kitchen12'8" x 20'3"
- Living Room12'8" x 20'3"
Listed by
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$439,800
Estimated Monthly Payment
$10,803
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: $10,803/mo (20% down, 5.5%)
Taxes: $717/mo · Insurance: $550/mo
Estimates only. Consult a financial advisor.
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