About This Property
FULLY VACANT, brick, three-unit (TRIPLEX) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property recently generated $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 4-piece bathroom. 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.
Property Overview
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Listing ID
E13851328
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Type
Detached
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Bedrooms
5
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Bathrooms
3
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Size
1500-2000 sqft
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Transaction
For Sale
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Kitchens
3
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Parking
3 spots
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Garage
None
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Heat
Forced Air / Gas
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Annual Tax
$4,397 (2026)
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Lot
30 × 109 Feet
Features & Amenities
- Central Air
- Finished
- Separate Entrance
- Accessory Apartment
- Carpet Free
- Storage
- Water Heater
- Private
From Our Gallery (15 photos)
Location
Address:
167 Magnolia Avenue, Toronto, ON M1K 3K7
City:
Toronto E04, ON
Postal Code:
M1K 3K7