57 Cowan Avenue
South Parkdale
Toronto
M6K 2N1
$2,389,000
Residential Freehold
beds: 7+2
baths: 9.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- W12890260
- Bedrooms:
- 7+2
- Bathrooms:
- 9
- Photos (10)
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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.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 3-Storey
- Total Approx Floor Area:
- 2500-3000
- Lot Depth:
- 87'26.5 m
- Lot Frontage:
- 24'7.32 m
- Direction Faces:
- East
- Bedrooms:
- 7+2
- Bathrooms:
- 9.0
- Water supply:
- Municipal
- Kitchens:
- 9
- Bedrooms Above Grade:
- 7
- Bedrooms Below Grade:
- 2
- Kitchens Above Grade:
- 9
- Rooms Above Grade:
- 18
- Rooms Below Grade:
- 8
- Heating type:
- Radiant
- Heating Fuel:
- Gas
- Foundation:
- Concrete
- Roof:
- Asphalt Shingle
- Basement:
- Apartment, Separate Entrance, Finished
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Family Room:
- No
- Possession Details:
- 30-90/TBD
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Assessment Year:
- 2025
- Taxes:
- $13,445.73 / 2025
- Assessment:
- $- / 2025
- Toronto
- Toronto W01
- South Parkdale
- Park, Place Of Worship, Public Transit, School, School Bus Route
- Other
- Deck, Patio, Porch
- Carbon Monoxide Detectors, Smoke Detector
- Hot water tank is rental $96.84/mnth
- All existing built in kitchen appliances.
- All tenant furniture.
- Brick
- No
- No
- City
- Utilities Cable:
- Yes
- Utilities Telephone:
- Available
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Wall Unit(s)
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
Larger map options:
Listed by FOREST HILL REAL ESTATE INC.
Data was last updated March 29, 2026 at 02:15 AM (UTC)
- ALEX BEAUREGARD
- 988 BATHURST ST., TORONTO, ON M5R 3G6
- 1 (647) 898-4663
- Alex@AlexBeauregard.com
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