$999,900.00

167 MAGNOLIA AVENUE, Toronto (Kennedy Park), Ontario, M1K3K7, Canada Listing ID: E13565974
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Bathrooms Bedrooms Property Type
3 5 Single Family

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:31565)

Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 23 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.
Book appointment/showing: 167 MAGNOLIA AVENUE (E13565974)
Additional Information
Amenity Near By Place of Worship, Park, Public Transit
Features Carpet Free
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership Freehold
Parking
  • Name - No Garage
Transaction For sale
Building
Bathroom Total 3
Bedrooms Total 5
Bedrooms Above Ground 4
Bedrooms Below Ground 1
Appliances Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development Finished
Basement Features Separate entrance
Basement Type N/A (Finished), N/A
Construction Style Attachment Detached
Cooling Type Central air conditioning
Exterior Finish Brick
Fireplace Present
Foundation Type Concrete
Heating Fuel Natural gas
Heating Type Forced air
Size Interior 1500 - 2000 sqft
Stories Total 2
Type House
Utility Water Municipal water
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