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$2,389,000
Ontario,Toronto (South Parkdale)
For Sale Active
57 COWAN AVENUE, Toronto (South Parkdale), Ontario M6K2N1
  • 9
  • 9
  • 2500 - 3000Square Feet
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Basic Details
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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: W12890260
  • Price: $2,389,000
  • Bedrooms: 9
  • Bathrooms: 9
  • View: City view
  • Square Footage: 2500 - 3000 Sqft
  • Status: Active
  • Property Sub Type: Multi-family
  • Office Key: 267467
Features & Appliances
Features
  • Heating System: Natural gas, Radiant heat
  • Cooling System: Wall unit
  • Basement: Finished, Separate entrance, N/A, Apartment in basement
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, Toronto (South Parkdale), M6K2N1
  • Street: Cowan
  • Street Number: 57
  • Street Suffix: Avenue
  • Longitude: W80° 34' 9.2''
  • Latitude: N43° 38' 8.5''
Additional Information
  • Water Source:
  • Community Features:
  • Foundation Details:
  • Lot Size Dimensions: 24 x 87 FT
  • Stories: 3.0
Financial
  • Tax Annual Amount: 13445.73
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Listing updated: 2026-03-26 05:01:37
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Listing Information
  • List Agent Key: 1951766
  • List Office Key: 267467
  • Modification Timestamp: 2026-03-17T16:20:40Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-03-17T16:11:23Z
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Listing updated: 2026-03-26 05:01:38
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