PROPERTY DETAILS

57 Cowan Avenue,

Toronto, Ontario M6K 2N1

$1,995,000
7+2
9

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. (id:29237)

Property Details
MLS® Number W12890260
Property Type Multi-family
Building Type Other
Storeys 3
Community Name South Parkdale
Land Size 24 x 87 FT
Parking type No Garage
Amenities Nearby Park, Place of Worship, Public Transit, Schools
Interested?

Contact us for more information.

Generating Captcha
Location
Building
Basement Development Finished
Basement Features Apartment in basement, Separate entrance
Basement Type N/A, N/A, N/A (Finished)
Bathrooms (Total) 9
Bedrooms - Above Grade 7
Bedrooms - Below Grade 2
Cooling Wall unit
Exterior Finish Brick
Heating Fuel Natural gas
Heating Type Radiant heat
Powered by: REALTOR.ca
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)


April 14 2026 11:09:25

Toronto Regional Real Estate Board

Forest Hill Real Estate Inc.

RealtyPress WordPress CREA DDF® Plugin