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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.
City: Toronto E04

| Purchase Price | $999,900 |
| Down Payment | $199,980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $799,920 |
| Mortgage Payment | $4,929 |
| Property Taxes | $366 |
| Maintenance Fees | $0 |
| Monthly Payment | $5,296 |
Located at 167 Magnolia Avenue , this Toronto E04 house is available for sale. This property was listed for $999,900 on Sun Jul 19 2026. It has 5 bedrooms and 3 bathrooms. The property's amenities include Fenced Yard, Library, Place Of Worship, Park, Public Transit, Rec./Commun.Centre. The property includes the following rooms: . This property comes with 3 parking spots.
MLS#: undefined · $999,900 · 5 bedroom house in Toronto E04