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1of10
Other for sale: 57 COWAN AVENUE, Toronto
57 Cowan Avenue
$2,389,000
Toronto , Ontario M6K2N1
9 bed
9 bath
About the Property

King/Dufferin 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:27476)

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Property Details
MLS® Number
W12890260
Type
Multi-family
Community Name
South Parkdale
Land Size
24 x 87 FT
Building
Building Type
Other
Storeys
3
Square Footage
2500 - 3000 sqft
Bathrooms Total
9
Bedrooms Above Ground
7
Bedrooms Total
9
Amenities
Park, Place of Worship, Public Transit, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A, N/A, N/A (Finished)
Basement Features
Apartment in basement, Separate entrance
Building Heating Type
Radiant heat
Heating Fuel
Natural gas
Building Cooling Type
Wall unit
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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Listing provided by: FOREST HILL REAL ESTATE INC.

$2,389,000 - 57 COWAN AVENUE, Toronto Ontario M6K 2N1, Canada | Real Estate For Sale | HomeAds.ca

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Updated March 18th 2026 12:04 pm

Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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