$999,900
167 Magnolia Ave
Toronto E04, ON M1K 3K7
167 Magnolia Ave, Toronto E04 — Listed at $999,900. 5 bedroom, 3 bathroom 2-Storey Detached. MLS® E13565974.
Possession · seller's timeline
Flexible (Immediate or 60 days)
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Description
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.
Property Details
Property Insights
Listing Courtesy of: RARE REAL ESTATE
MLS® #E13565974
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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HouseIndex Take: 167 Magnolia Avenue
This detached (2-Storey) is located in the Kennedy Park neighbourhood of Toronto.
The home offers 5+1 bedrooms, 3 bathrooms.
Features include a finished, separate entrance basement, 3 parking spaces.
Additional details: lot dimensions of 30 × 109 feet.
Listed at $999,900 CAD with annual property taxes of $4,396.69 (2026).
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About Toronto Real Estate
This Detached is located in the Kennedy Park community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity. Detached homes in Toronto are in high demand among families seeking space, privacy, and long-term equity growth.