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$799,800
39 Magnolia Ave
Toronto E04, ON M1K 3K3
39 Magnolia Ave, Toronto E04 — Listed at $799,800. 5 bedroom, 3 bathroom 2-Storey. MLS® E13502322.
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Description
A smart opportunity for investors, first-time buyers, or families looking to offset monthly carrying costs with strong rental income potential. Set on a 25' x 104' lot, this semi-detached 2-storey home offers 4+2 bedrooms, 3 bathrooms, and approx. 1,360 sq. ft. above grade, providing a versatile layout for both end-users and income-focused buyers. The main floor features an updated kitchen, while renovated bathrooms add a fresh, modern touch throughout. The lower level includes two additional bedrooms, offering excellent flexibility for extended family use or additional rental income potential. With rental income reported by the seller at approximately $6,500 per month, this property presents an attractive option for buyers looking to reduce their monthly payments while building equity in a convenient Toronto location. Walkable to schools, trails, transit, shops, and everyday amenities, this well-kept home combines practical updates, strong functionality, and income-generating potential in one complete package. Buyer to verify rental income, measurements, and permitted use.
Property Details
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Listing Courtesy of: RE/MAX GOLD REALTY INC.
MLS® #E13502322
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HouseIndex Take: 39 Magnolia Avenue
This semi-detached (2-Storey) is located in the Kennedy Park neighbourhood of Toronto.
The home offers 5+1 bedrooms, 3 bathrooms.
Features include a finished with walk-out basement, 3 parking spaces including a 1-car garage.
Additional details: lot dimensions of 25 × 104 feet.
Listed at $799,800 CAD with annual property taxes of $3,536.67 (2025). This listing has been on the market for 9 days.
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About Toronto Real Estate
This Semi-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. Semi-detached homes in Toronto provide freehold ownership at a more accessible price point, appealing to first-time buyers and young families.