Exceptional investment opportunity in one of Toronto's most desirable west-end neighborhoods. This truly LEGAL triplex has been completely rebuilt, offering a turnkey, income-producing asset with strong rental demand and low maintenance requirements. The property features an ideal unit mix of two one-bedroom apartments on the main and lower levels, along with a spacious three-bedroom upper-level suite, totaling approximately 2,212 sq. ft. of rentable area. Each suite is thoughtfully designed with contemporary finishes, a sleek kitchen with stainless steel appliances, in-suite laundry, bright open-concept living spaces, and walkout access to a private deck or patio. An exceptional opportunity to acquire a fully leased investment property with reliable income and outstanding long-term appreciation potential in one of Toronto's most sought after rental markets. Leveraged CAP rate of 8.66% with 30% down. Gross Income: $116,400; Expenses $17,750; Net Income: $98,650 in year 1.Offering Memorandum available.
About this home
Photos of 238 Garden Avenue
Facts and features of 238 Garden Avenue
| Type | Triplex |
|---|---|
| Style | 2 1/2 Storey |
| Bedrooms | 4 + 1 |
| Bathrooms | 4 |
| Size | 1500-2000 sq ft |
| Lot | 17.83 x 121.75 Feet |
| Parking | 2 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Basement | Apartment, Separate Entrance |
| Exterior | Brick |
| Taxes | $8,602 (2026) |
| Days on market | 14 |
| Listing brokerage | ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
Rooms
15 rooms, with sizes
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Lower | 12′ 8″ × 20′ 3″ 3.87 × 6.16 m | hardwood floor, stainless steel appl, centre island |
| Living Room | Second | 14′ 8″ × 23′ 1″ 4.47 × 7.04 m | hardwood floor, combined w/dining, w/o to deck |
| Dining Room | Main | 14′ 6″ × 22′ 11″ 4.42 × 6.99 m | hardwood floor, combined w/kitchen, open concept |
| Dining Room | Lower | 12′ 8″ × 20′ 3″ 3.87 × 6.16 m | hardwood floor, combined w/kitchen, above grade window |
| Bedroom | Third | 7′ 10″ × 9′ 5″ 2.39 × 2.88 m | hardwood floor, closet |
| Bedroom | Lower | 10′ 7″ × 11′ 11″ 3.23 × 3.62 m | hardwood floor, closet, above grade window |
| Dining Room | Second | 14′ 8″ × 23′ 1″ 4.47 × 7.04 m | hardwood floor, combined w/kitchen |
| Living Room | Lower | 12′ 8″ × 20′ 3″ 3.87 × 6.16 m | hardwood floor, combined w/dining, above grade window |
| Living Room | Main | 14′ 6″ × 22′ 11″ 4.42 × 6.99 m | hardwood floor, combined w/dining, w/o to patio |
| Bedroom | Main | 7′ 1″ × 16′ 1″ 2.17 × 4.89 m | hardwood floor, b/i closet, window |
| Kitchen | Second | 14′ 8″ × 23′ 1″ 4.47 × 7.04 m | hardwood floor, stainless steel appl, eat-in kitchen |
| Bedroom | Second | 13′ 11″ × 11′ 9″ 4.25 × 3.59 m | hardwood floor, b/i closet, bay window |
| Bedroom | Third | 10′ 8″ × 10′ 10″ 3.24 × 3.29 m | hardwood floor, window |
| Pantry | Second | 7′ 9″ × 3′ 4″ 2.35 × 1.01 m | |
| Kitchen | Main | 14′ 6″ × 22′ 11″ 4.42 × 6.99 m | hardwood floor, stainless steel appl, eat-in kitchen |
Around this home
What’s near 238 Garden Avenue
From 238 Garden Avenue, the nearest grocery store is A Lota Seafoods, 24 minutes on foot; the nearest TDSB elementary school is Garden Avenue Junior Public School, 1 minute on foot; and the nearest park is Gwynne Avenue Parkette, 25 minutes on foot.
Groceries and pharmacies
- A Lota Seafoods Grocery 24 min walk 7 min drive
- HN. Grocery Grocery 25 min walk 7 min drive
Parks
- Gwynne Avenue Parkette Park 25 min walk 5 min drive
Schools
- Garden Avenue Junior Public School TDSB elementary · JK-6 EQAO 2024-25: Gr 6 reading 100% · Gr 6 math 94% 1 min walk
- Fern Avenue Junior and Senior Public School TDSB elementary · JK-8 EQAO 2024-25: Gr 6 reading 91% · Gr 6 math 62% 5 min walk
- City View Alternative Senior School TDSB middle school · 7-8 18 min walk 7 min drive
- St Vincent de Paul Catholic School Catholic elementary · JK-8 EQAO 2024-25: Gr 6 reading 89% · Gr 6 math 63% 7 min walk
- Parkdale Collegiate Institute TDSB secondary · 9-12 EQAO 2024-25: Gr 9 math 61% · Gr 10 literacy 86% 20 min walk 5 min drive
- Bishop Marrocco/Thomas Merton Catholic Secondary School Catholic secondary · 9-12 EQAO 2024-25: Gr 9 math 41% · Gr 10 literacy 69% 20 min walk 4 min drive
Nearest schools, not necessarily the ones that serve this address. Check with the TDSB and TCDSB school locators.
Restaurants
- Kaminari Google reviews 23 min walk 5 min drive
- Nuna Google reviews 24 min walk 5 min drive
- Molkagtez Mexican Cuisine Google reviews 24 min walk 5 min drive
- Guu Izakaya Google reviews 24 min walk 5 min drive
Places: OpenStreetMap contributors, October 2026. Walking and driving times: openrouteservice. Schools: EQAO 2024-25, Ontario Ministry of Education.
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238 Garden Avenue
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238 Garden Avenue
Listing information is deemed reliable but is not guaranteed accurate by PropTx or the Toronto Regional Real Estate Board. Data source: PropTx. Listings are refreshed from the MLS® at least daily.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
Royal LePage Terrequity Seymour Real Estate, Brokerage. Independently owned and operated.
MLS® W14120500 Data source: PropTx Listed October 27, 2026
