55 Thirty Eighth St - Apartments FOR SALE


Toronto, ON M8W 3M2- Long Branch
$2,250,000 CAD
905-851-7171
55 Thirty Eighth St, Toronto, ON for Sale
$2,250,000 CAD
Apartments - FOR SALE
1/7
null | Request Cap Rate

55 Thirty Eighth St
Toronto, ON M8W 3M2
Long Branch


HIGHLIGHTS

  • Walking distance to Longbranch GO
  • Walking distance to Lake Ontario
  • Strong rental return and no immediate capex
  • 1 Vacancy
  • Additional income with parking and laundry

OVERVIEW

Client Remarks An exceptional multiplex opportunity in the highly sought-after Long Branch community of Etobicoke, just steps from Marie Curtis Park and the shores of Lake Ontario. This well-maintained property, on a 50' x 137' lot, features five spacious units, including four one-bedroom apartments and one expansive three-bedroom suite. All four one-bedroom units are tenanted at market rents, offering immediate, stable income. The impressive three-bedroom unit-approximately 1,500 sq ft-is currently vacant, providing flexibility for owner occupancy or the opportunity for a new buyer to lease at top market value. The building offers separately metered hydro for four of the five units, helping streamline expenses and management. Each unit has been beautifully renovated with generous layouts that appeal to quality tenants. Additional income potential comes on site laundry in the lower level and from a detached four-car garage, ideal for indoor parking rentals, along with four exterior parking spaces-eight in total. Located in a prime lakeside neighbourhood with strong rental demand, this is a turnkey investment with upside potential and long-term value.

FOR SALE DETAILS

PRICE

$2,250,000 CAD

PRICE/SF

$710 CAD /SF

# OF UNITS

5

PRICE/UNIT

$450,000

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,144 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Cora RuscicaStonecastle Realty Group IncMore Info
905-851-7171

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Cora RuscicaStonecastle Realty Group IncMore Info
905-851-7171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.