Learie
Jolanda
Amy
57 Cowan Avenue - $1,995,000
57 Cowan Avenue - $1,995,000
57 Cowan Avenue
$1,995,000
South Parkdale
Toronto South Parkdale, OntarioM6K2N1
9 beds
9 baths
0 parking
MLS#: W12890260Listed: 4 months agoUpdated:3 months ago
Description
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:63050)Details
Details for 57 Cowan Avenue, Toronto South Parkdale, Ontario- Property Type
- Multi Family
- Building Type
- Other
- Storeys
- 3
- Neighborhood
- South Parkdale
- Land Size
- 24 x 87 FT
- Year Built
- -
- Annual Property Taxes
- $13,446
- Parking Type
- No Garage
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- 9
- Bathrooms
- 9
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Building
- Architecture Style
- -
- Direction
- King/Dufferin
- Type of Dwelling
- other
- Roof
- -
- Exterior
- Brick
- Foundation
- Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 24 x 87 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- No Garage
- Total Parking
- -
Utilities
- Cooling
- Wall unit
- Heating
- Radiant heat, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- School Bus
- Lot Features
- -
- Security
- Smoke Detectors
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 57 Cowan Avenue, Toronto South Parkdale, OntarioMap
Listatto.comCopyright 2026