Kennedy Park, Toronto, M1K 3K7
Description
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.
Features
- Facing: West
- Bedrooms: 4
- Bathrooms: 3
- Garages:
- Kitchens: 3
Details
- Lot size: 30.00 x 109.00 Feet
- Space: 1500-2000
- Tax: $ 4396.69
- E13565974
- Listing contracted with: RARE REAL ESTATE
| Bathroom | Pieces | Level | |
|---|---|---|---|
| 1xBath | 3 pcs | Main |
|
| 1xBath | 3 pcs | Second |
|
| 1xBath | 3 pcs | Basement |
Property Summary
Located close to the intersection of Danforth and Midland, 167 Magnolia Ave is a 4+1 bedrooms 3 washrooms Detached. The property has many nice features including Water Heater, Storage, Carpet Free and Accessory Apartment. .Local Area Profile
This property is located in an area with a high level of homeownership with a mix of detached homes and apartments and condominiums. Approximately 48% of residents hold a bachelor's degree or higher, while about 21% have a college credential. Public transit is commonly used by local commuters, alongside driving.
School Information
- Norman Cook Junior Public School (Grade:JK-6) 1871/3037
- Robert Service Senior Public School (Grade:7-8)
- Birchmount Park Collegiate Institute (Grade:9-12) 676/739
- St. Maria Goretti Catholic School (Grade:JK-8) 1756/3037
- Charles Gordon Senior Public School (Grade:7-8)
- Corvette Junior Public School (Grade:JK-6) 1683/3037
- John A Leslie Public School (Grade:JK-8) 1991/3037
