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Triplex · Listed 12 days ago

238 Garden Toronto,ON M6R 1J1

Toronto, ON, Canada

4 Beds4 Baths2,000–2,000 sqft0 Built

List price

$2,199,000

Why This Property?

This legal, fully leased triplex offers four bedrooms and four bathrooms across approximately 2,000 sq. ft., with a one-bedroom main-floor unit, a one-bedroom lower unit and a three-bedroom upper suite. Stainless-steel appliances, in-suite laundry and private outdoor spaces add practical appeal. High Park and Line 2 subway access are nearby.

Facts & Features

Highlights

  • stainless steel

Bedrooms & bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full: 4
  • Half: 0

Living Area

  • 2,000–2,000 sqft

Stories

Lot size

  • 0.049 acres

Year built

  • 0

Property type

  • Triplex

Standard status

  • Active

Cooling

Heating

View

    Utilities

      Water / Sewer

      About This Property

      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.

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      Listing Broker

      ROYAL LEPAGE REAL ESTATE SERVICES LTD.

      MLS® TRREB · Listing #W13786876

      Frequently Asked Questions

      Everything you need to know about valuing and buying with RealOrca.

      How is the triplex divided?
      It has two one-bedroom apartments on the main and lower levels, plus a three-bedroom upper-level suite; the property is described as fully leased.
      What nearby transit and outdoor amenities are in High Park–Swansea?
      The neighbourhood has access to TTC Line 2 subway stations and bus and streetcar routes. High Park is a major nearby green space.
      What is a triplex, and how is it different from other multi-unit homes in Toronto?
      A triplex is a property with three separate dwelling units within one building. In Toronto, triplexes are often chosen by buyers who want a home that can accommodate multiple households, support extended family living, or offer rental income potential, while still being managed as a single property.
      What should buyers know about purchasing a triplex in Toronto?
      Buying a triplex in Toronto usually involves reviewing the property’s zoning, permitted uses, unit configuration, and any existing tenancies. Buyers should also consider financing, inspections, insurance, and whether they plan to live in one unit, rent all units, or renovate over time. Working with a real estate professional familiar with multi-unit properties is helpful.
      Which Toronto neighbourhood features are important for triplex buyers?
      For triplex buyers, access to TTC transit, GO Transit connections, schools, parks, and everyday amenities can strongly influence both livability and rental appeal. Neighbourhoods with strong transit access and nearby services are often attractive because they make commuting and daily routines easier for residents in all three units.
      Are triplexes common in Toronto, and what are they typically like?
      Triplexes are a well-established housing type in Toronto, especially in older residential areas and along transit corridors. They are often found in low-rise buildings and may feature separate entrances, shared utilities, or a mix of updated and original finishes depending on the property’s age and renovation history.