57 Cowan Avenue

Toronto, ON M6K 2N1 ( South Parkdale)

Quick Facts

Type: Multiplex

Style: 3-Storey

Size: Sq Ft

Age: Years

Taxes: $ 13,446 ( 2025)

Updated: 2026-03-17 15:24:09

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.

Extras

Multiplex

Property

Status: For Sale

MLS #: W12890260

Price: $ 2,389,000

Address: 57 Cowan Avenue

Type:

Style: 3-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 13,446

Tax Year: 2025

Lot Size:

Neighbourhood: South Parkdale

Nearest Intersection: King/Dufferin

City: Toronto

Postal Code: M6K 2N1

DOM: 1 Day

Last Update: 2026-03-17 15:24:09

 

Building

Interior

Bedrooms: 9

Bathrooms: 9

Rooms: 0

Kitchens: 9

Family Room:

Fireplace:

Basement: Apartment Separate Entrance Finished,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage:

Garage Spaces:

Parking Spaces: 0.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Radiant

Heat Source: Gas

Air Conditioning: Wall Unit(s)

Water:

Sewers:

 

Features

 

Rooms