PROPERTY DETAILS

167 Magnolia Avenue,

Toronto, Ontario M1K 3K7

$999,900
4+1
3
3

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:29237)

Property Details
MLS® Number E13565974
Property Type Single Family
Building Type House
Storeys 2
Community Name Kennedy Park
Title Freehold
Land Size 30 x 109 FT
Parking type No Garage
Amenities Nearby Place of Worship, Park, Public Transit
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Location
Building
Basement Development Finished
Basement Features Separate entrance
Basement Type N/A (Finished), N/A
Bathrooms (Total) 3
Bedrooms - Above Grade 4
Bedrooms - Below Grade 1
Cooling Central air conditioning
Exterior Finish Brick
Heating Fuel Natural gas
Heating Type Forced air
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July 19 2026 11:57:06

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