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?