167 Magnolia Avenue, Toronto, Ontario M1K 3K7

Listed for:
$999,900
5 beds
3 baths
Listed 1 day ago
House for rent: 167 Magnolia Avenue, Toronto, Ontario M1K 3K7

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About

Danforth / Midland 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. (id:27476)

Property Highlights

MLS® Number
E13565974
Type
Single Family
Community Name
Kennedy Park
Ownership Type
Freehold
Land Size
30 x 109 FT
Parking Space Total
3

Building

Building Type
House
Storeys
2.00
Square Footage
1500 - 2000 sqft
Bathrooms Total
3
Bedrooms Above Ground
4
Bedrooms Total
5
Amenities
Place of Worship, Park, Public Transit
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Finished), N/A
Basement Features
Separate entrance
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RARE REAL ESTATE
MLS® number:
E13565974
Agent:
Nirun Sivananthan
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