PROPERTY DETAILS

31 Long Branch Avenue,

Toronto, Ontario M8W 3H8

$1,298,000
5
3
3
Virtual tour

Turn-Key Multi-Family asset in the Heart of Long Branch, Toronto's highly coveted "Village by the Lake", South Etobicoke's fastest appreciating pockets! Semi-detached Triplex on a premium 25 x 146.5 ft deep lot generating $6,300/mo Gross Income with a solid $59,228 annual NOI. Expenses average $1,365/mo including property tax, all utilities, insurance, and internet/cable. This low-maintenance income property features three bright and spacious self-contained units, two 2-bedroom units and one 1-bedroom unit, with parking at rear. Meticulously maintained with over $156k in capital improvements over the past 8 years, makes this an incredibly rare, worry-free addition to any portfolio. Main Floor and Basement units were completely renovated (2021). Brand new foundation waterproofing, weeping tiles, and sump pump system installed with transferable peace-of-mind ($20k, 2026). Upgraded mechanics include a tankless water heater (2024), high-efficiency boiler (2019), newer windows. Rear yard new asphalt parking area (2018) and a large 8' x 10' storage shed (2022). Ideal lakeside location just steps to Lake Shore Boulevard shops, cafes, restaurants, Marie Curtis Park, sandy beach, picnic area, connections to the Waterfront Trail and Etobicoke Creek Trail. Unbeatable tenant transit access, walk to Long Branch GO Station and TTC Streetcar loop, bus routes, offering quick commute downtown. Stable cash flow, premium finishes, and major capital expenditures already paid for! (id:29237)

Property Details
MLS® Number W13757942
Property Type Multi-family
Building Type Triplex
Storeys 2
Community Name Long Branch
Land Size 25 x 146.5 FT ; See Attached Schedule \"C\"
Parking type No Garage
Amenities Nearby Public Transit, Park, Schools
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Location
Building
Basement Features Apartment in basement, Separate entrance
Basement Type N/A, N/A
Bathrooms (Total) 3
Bedrooms - Above Grade 5
Cooling None
Exterior Finish Brick
Heating Fuel Natural gas
Heating Type Radiant heat
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September 15 2026 08:33:25

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