ON
Toronto (Kennedy Park)
M1K3K7
167 Magnolia Avenue
167 Magnolia Avenue, Toronto (Kennedy Park), ON M1K3K7
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Listing Type
Single Family
Listing Status
Active
5
$999,900

Home Details for 167 Magnolia Avenue

Price
$999,900
Type
Residential
Bedrooms
5
Total Bathrooms
3
Listing #
E13565974
Property Description

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:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
Listing Courtesy: RARE REAL ESTATE
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EXIT REALTY CK ELITE, BROKERAGE
160 St. Clair Street, Chatham, ON N7M 3J5
Anne Kreitzer
License #: 5045802
Sales Representative
Office
519 351 7653
Agent
519 890 1909
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