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Key Facts
Key facts for 167 Magnolia Avenue
Property Type
House, 2-Storey
Parking
None 0 garage, 3 parking
MLS #
E13565974
Size
1500-2000 sqft
Basement
Finished,Separate Entrance
Listed on
2026-07-15
Lot size
30 x 109.0
Tax
$4,396.69 /yr
Days on Market
90
Approximate Age
-
Maintenance Fee
-
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 u...pper 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.
