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57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto
  • 57 COWAN AVENUE Toronto

57 COWAN AVENUE, Toronto, Ontario

$2,389,000

  • 9 Beds
  • 9 Baths

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:50212)

  • Listing ID: W12890260
  • Property Type: Multi-family
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Details

  • Amenities Nearby: Park, Place of Worship, Public Transit, Schools
  • Community Features: School Bus
  • Equipment: Water Heater
  • Rental Equipment: Water Heater
  • Structure: Deck, Patio(s), Porch
  • Transaction: For sale
  • View: City view

Building

  • BasementType: N/A, N/A, N/A (Finished)
  • Basement Development: Finished
  • Basement Features: Apartment in basement, Separate entrance
  • Bedrooms Main Level: 7
  • Bedrooms Lower Level: 2
  • Cooling: Wall unit
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Foundation: Concrete
  • Bathrooms (Total): 9
  • Heating: Radiant heat
  • Heating Fuel: Natural gas
  • Size Interior: 2500 - 3000 sqft
  • Stories Total: 3
  • Type: Other
  • Utility Water: Municipal water

Land

  • Amenities: Park, Place of Worship, Public Transit, Schools
  • Sewer: Sanitary sewer
  • Size Frontage: 24 ft
  • Size Irregular: 24 x 87 FT
MLS®

Listing provided by FOREST HILL REAL ESTATE INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 57 COWAN AVENUE in Toronto Ontario. It was last modified on March 17th, 2026. Contact The TanTeam to schedule a viewing or to discover other Toronto real estate for sale.

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