57 Cowan AVE, Toronto W01, ON M6K 2N1
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57 Cowan AVE, Toronto W01, ON M6K 2N1
57 Cowan AVE, Toronto W01, ON M6K 2N1
57 Cowan AVE, Toronto W01, ON M6K 2N1
57 Cowan AVE, Toronto W01, ON M6K 2N1
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Barry Wang

Barry Wang

+1(902) 316-0805
$ 1,995,000
Est. payment /mo
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Price Dropped by $394K

57 Cowan AVE Toronto W01, ON M6K 2N1

9 Beds

9 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Municipality Toronto W01

Subdivision South Parkdale

MLS Listing ID W12890260

Style 3-Storey

Bedrooms 9

Annual Tax Amount $13,445

Tax Year 2025

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Toronto

Community Toronto W01

Area Toronto

Rooms

Family Room No

Basement Apartment, Separate Entrance, Finished

Kitchen 9

Separate Den/Office 2

Interior

Interior Features Other

Cooling Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Patio, Porch

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 24.0

Lot Depth 87.0

Building

Unit Features Park,Place Of Worship,Public Transit,School,School Bus Route

Foundation Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by FOREST HILL REAL ESTATE INC.
Barry Wang

Barry Wang

Agent

+1(902) 316-0805

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57 Cowan AVE