Situated in the heart of Long Branch, one of Etobicoke’s most desirable neighborhoods, the Property occupies a 0.41-acre lot, just steps from the Long Branch GO Station and Lake Ontario. The Property is improved with a 4-storey multi-residential building comprising 28 suites, with an ideal unit mix—the majority being large 2-bedroom units. Currently, 7 suites are vacant, offering an immediate opportunity for renovation and repositioning to unlock significant rental upside. The building is equipped with an elevator, 5 indoor parking spaces, and 30 surface parking spaces, accessed via James Street. The Long Branch neighborhood continues to benefit from its prime lakefront setting and exceptional transit accessibility. Within this highly desirable community, 75 Forty Second Street presents a rare and compelling opportunity to acquire a multifamily asset with significant value-add potential at the heart of a thriving waterfront corridor.