368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com
57 Cowan Avenue, Toronto W01, ON M6K 2N1
$2,389,000
  • Sale
  • Multiplex
  • 1 days ago
  • Updated: 2026-03-17

Overview

  • Multiplex
  • 7 + 2
  • 9
  • 0
  • 2500-3000
  • N/A

Description

An exceptional and rarely available opportunity to acquire a fully leased 9-unit multiplex in the heart of South Parkdale, one of Toronto's most vibrant and rapidly gentrifying neighbourhoods just steps to trendy King Street West, transit, shops, restaurants, and every day amenities. This well-maintained income property offers zero vacancy, stable tenants, and an excellent cap rate, making it a compelling addition to any investor's portfolio with strong in-place cash flow and long-term upside.The building features nine self-contained units including two small one-bedroom suites, four well-sized one-bedroom plus living room apartments, and three studio units on the upper floor, creating a diverse unit mix that appeals to a broad tenant base. The current owner has been strategically renovating units as they become vacant, and several suites have already been upgraded, offering clear potential for continued improvements and increased rental income overtime.Situated on a quiet residential street, the property also includes a private backyard with shed and potential for a future parking pad, creating additional value and income possibilities. The building has been well maintained with a good roof and freshly painted doors, and benefits from responsible long-term tenants.Zoned "Multiplex With 7 Or More Self-Contained Units," this is a very rare chance to secure a turn key multi-unit investment in a prime west-end Toronto location with strong cash flow today and meaningful long-term appreciation potential.

Details

  • W12890260
  • 0
  • $2,389,000
  • Tenant
  • None
  • 9 + 9
  • 3-Storey
  • 7 + 2
  • 9
  • 2500-3000 Sqft
  • N/A SquareFeet
  • N/A
  • Multiplex
  • Sale

Additional details

  • Radiant / Gas
  • $13445.73
  • 2025
  • PT LT 96 PL 431 PARKDALE AS IN CA187521; CITY OF TORONTO
  • N/A
  • N
  • Apartment,Separate Entrance,Finished
  • Wall Unit(s)
  • Deck,Patio,Porch
  • Park,Place Of Worship,Public Transit,School,School Bus Route
  • Municipal

Schools Nearby

Mortgage Calculator

  • Total Amount
  • Down Payment
  • Loan Term
  • Interest Rate
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Land Transfer Tax
  • CMHC

FAQ

  • What is the total square footage of the W12890260 - 57 Cowan Avenue, Toronto W01, ON M6K 2N1?

    The total square footage of this property is 2500-3000 SqFt.

  • What schools near to W12890260 - 57 Cowan Avenue, Toronto W01, ON M6K 2N1?

    .

RoofUp
Logo