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57 COWAN AVENUE, Toronto (South Parkdale)
2026-03-17
Quick Summary
- Location
- 57 COWAN AVENUE, Toronto (South Parkdale), Ontario M6K2N1
- Price
- $1,995,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 2500 - 3000 sqft
- Bedrooms:
- 7 bed +2
- Bathrooms:
- 9
MLS®#W12890260
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. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Place of Worship, Public Transit, Schools
Building
- Basement Development: Finished
- Basement Features: Apartment in basement, Separate entrance
- Basement Type: N/A, N/A, N/A (Finished)
- Cooling Type: Wall unit
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 2500 - 3000 sqft
- Building Type: Other
- Stories: 3
- Utility Water: Municipal water
Land
- Land Size: 24 x 87 FT
- Sewer: Sanitary sewer
Structure
- Structure: Deck, Patio(s), Porch
Information entered by FOREST HILL REAL ESTATE INC.
Listing information last updated on: 2026-04-14 23:09:25
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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