- Bedrooms
- 4+1
- Bathrooms
- 4
- Size
- 1,500–2,000sq ft
- Per sq ft
- $1,214at the range’s middle
- Lot
- 17.83 x 121.75 ft
- Tax a year
- $8,6022026 tax year
- Parking
- 2none
- Days on market
- Members
The brief
About 238 Garden Ave
238 Garden Ave is a 4+1-bedroom, 4-bathroom triplex in High Park-Swansea, Toronto, listed for sale at an asking price of $2,125,000 (MLS® W14120500).
Exceptional investment opportunity in one of Toronto's most desirable west-end neighborhoods. This truly LEGAL triplex has been completely rebuilt, offering a turnkey, income-producing asset with strong rental demand and low maintenance requirements. The property features an ideal unit mix of two one-bedroom apartments on the main and lower levels, along with a spacious three-bedroom upper-level suite, totaling approximately 2,212 sq. ft. of rentable area. Each suite is thoughtfully designed with contemporary finishes, a sleek kitchen with stainless steel appliances, in-suite laundry, bright open-concept living spaces, and walkout access to a private deck or patio. An exceptional opportunity to acquire a fully leased investment property with reliable income and outstanding long-term appreciation potential in one of Toronto's most sought after rental markets. Leveraged CAP rate of 8.66% with 30% down. Gross Income: $116,400; Expenses $17,750; Net Income: $98,650 in year 1.Offering Memorandum available.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall6/100−$5,587/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 158 homes with 5 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $8,602 / 2026
- MLS® number
- W14120500
- Board
- TRREB MLS®
- Property Type
- Triplex
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 17.83 x 121.75 ft
- Listed on
- Parking
- None, 2 Parking
Property details
Property
- Property Type
- Triplex
- Style
- 2 1/2 Storey
- Community
- High Park-Swansea
- Municipality
- Toronto
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 4+1
- Bathrooms
- 4
- Bathroom Details
- 1 × 3pc Main, 1 × 3pc 2nd, 1 × 4pc 3rd, 1 × 3pc Lower
- Basement Type
- Apartment
- Kitchens
- 2
Parking
- Driveway
- Lane
- Garage Type
- None
- Additional Parking
- 2
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 17.83 ft
- Depth
- 121.75 ft
- Lot Size
- 17.83 x 121.75 ft
Additional
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 6.99 × 4.42 m | hardwood floor, Combined W/Dining, W/O To Patio | Main |
| Dining | 6.99 × 4.42 m | hardwood floor, Combined W/Kitchen, Open Concept | Main |
| Kitchen | 6.99 × 4.42 m | hardwood floor, Stainless Steel Appl, Eat-In Kitchen | Main |
| Br | 4.89 × 2.17 m | hardwood floor, B/I Closet, Window | Main |
| Living | 7.04 × 4.47 m | hardwood floor, Combined W/Dining, W/O To Deck | 2nd |
| Dining | 7.04 × 4.47 m | hardwood floor, Combined W/Kitchen | 2nd |
| Kitchen | 7.04 × 4.47 m | hardwood floor, Stainless Steel Appl, Eat-In Kitchen | 2nd |
| Br | 3.59 × 4.25 m | hardwood floor, B/I Closet, Bay Window | 2nd |
| Pantry | 1.01 × 2.35 m | — | 2nd |
| Br | 2.88 × 2.39 m | hardwood floor, Closet | 3rd |
| Br | 3.29 × 3.24 m | hardwood floor, Window | 3rd |
| Living | 6.16 × 3.87 m | hardwood floor, Combined W/Dining, Above Grade Window | Lower |
| Dining | 6.16 × 3.87 m | hardwood floor, Combined W/Kitchen, Above Grade Window | Lower |
| Kitchen | 6.16 × 3.87 m | hardwood floor, Stainless Steel Appl, Centre Island | Lower |
| Br | 3.62 × 3.23 m | hardwood floor, Closet, Above Grade Window | Lower |
Listing history
Buy/sell history for 238 Garden Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $2,125,000 | N/A | For Sale | W14120500 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $425,000
- Total mortgage amount
- $1,700,000
- Total interest payment
- $1,208,500
- Total purchase cost
- $3,333,500
- Mortgage payment
- $9,695/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
66%Monthly carrying cost
$10,412- Rent $4,825
- Shortfall $5,587
Rental income opens at $4,825, the median asking rent of 158 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $39,600
- Toronto municipal land transfer tax
- $39,600
- Total land transfer tax
- $79,200
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $70,725
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,125,000
- $3,125
- Ontario total
- $39,600
Toronto’s municipal tax uses the same brackets at this price, so it adds another $39,600.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 2,171 sq ft202 m²
- Street frontage
- 17.83 ft5.4 m
- Depth
- 121.75 ft37.1 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m3 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 88 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 4.0 km4 km
- Mapped parcel: about 2,150 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home2
- Nearest rail line: 520 m520 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Nestle Canada Inc. — STERLING ROAD FACTORY, 1.2 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
R (d0.6) (x290)By-law
569-2013Municipality
Toronto1 d0.6
Density: floor area is capped at 0.6 times the lot area.
2 x290
Site-specific exception 290: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(290)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
3 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Closed
Revision 01. HVAC - Interior alterations to ground, second & third floor
Issued October 9, 2019
Interior AlterationsClosed
REV01: Revision to permit 19-138344 BLD as per bubbled area. Revision to interior framingInterior alterations to ground, second & third floor
Issued August 15, 2019
Building Permit Related(PS)Closed
Plumbing - Interior alterations to ground, second & third floor
Issued April 17, 2019
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 2 open development applications within 800 m of this home.
1605 QUEEN ST WOfficial plan or zoning amendmentUnder Review
Zoning By-law Amendment to convert the existing building into the Phoenix Concert Theatre.
690 m away40 WABASH AVESite planUnder Review
City-initiated site plan application proposes a Community Recreation Centre adjacent to Sorauren Park. The community centre will be a 4 storey (26 metre) building with programs identified in the City's Parks and Recreation Facilities Master Plan to include a double gymnasium, an aquatic component, multipurpose rooms and fitness room spaces.
800 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Bloor GO | GO Transit train: KitchenerUP Express train | 1.5 km |
| Dundas West Station | TTC subway: Line 2 Bloor-Danforth | 1.5 km |
| Keele Station | TTC subway: Line 2 Bloor-Danforth | 1.5 km |
| High Park Station | TTC subway: Line 2 Bloor-Danforth | 1.8 km |
| Lansdowne Station | TTC subway: Line 2 Bloor-Danforth | 1.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Garden Avenue Junior Public SchoolToronto DSB | Public · grades JK–6 | 50 m | 98%Grade 6 average |
| Fern Avenue Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 350 m | 80%Grade 6 average |
| St Vincent de Paul Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 400 m | 79%Grade 6 average |
| École élémentaire Charles-SauriolConseil scolaire Viamonde | French-language public · grades JK–8 | 2.8 km | 95%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Parkdale Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.2 km | 61%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 1.2 km | 69%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 1.3 km | 82%Grade 9 math |
| Bishop Marrocco/Thomas Merton Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 1.4 km | 41%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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