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$999,900
Available - For Sale
Listing ID: E13565974
Full brick, turnkey three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property currently generates approximately $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 3-piece bathroom. Investors/Buyers can assume the existing tenants (all month to month leases) for instant income or request vacant possession with a 60+ day closing to move in or re-lease at full market rent. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough's most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing.
Price $999,900
Taxes: $4,396.69
Assessment Year: 2025
Occupancy by: Tenant
Address: 167 Magnolia Avenue , Toronto, M1K 3K7, Toronto
Directions/Cross Streets: Danforth / Midland
Rooms: 6
Rooms +: 3
Bedrooms: 4
Bedrooms +: 1
Washrooms: 3
Family Room: F
Basement: Finished
Separate Ent
No. of Pieces Level
Washroom 1 3 Main
Washroom 2 3 Second
Washroom 3 3 Basement
Washroom 4 0
Washroom 5 0
Washroom 6 3 Main
Washroom 7 3 Second
Washroom 8 3 Basement
Washroom 9 0
Washroom 10 0
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 3
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 1500-2000
Property Features: Fenced Yard
Library
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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RARE REAL ESTATE

167 Magnolia Avenue , Toronto, M1K 3K7, Toronto


 
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At a Glance:
Type: Freehold - Detached
Area: Toronto
Municipality: Toronto E04
Neighbourhood: Kennedy Park
Style: 2-Storey
Lot Size: x 109.00(Feet)
Approximate Age:
Tax: $4,396.69
Maintenance Fee: $0
Beds: 4+1
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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