$2,150,000
23.08 BTC
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55 Thirty Eighth Street, Toronto
$2,150,000
PRICE
7
BEDROOMS
5
BATHROOMS
W13780002
MLSID

55 Thirty Eighth Street, Toronto

TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare five-unit multiplex in one of Etobicoke's most sought-after lakeside communities. Situated on an impressive 50' x 137' lot, just steps from Marie Curtis Park and Lake Ontario, this property offers the combination investors look for: strong in-place income, substantial parking, renovated units, and meaningful potential. The property features five generously sized apartments. four x1 bed suites and one x3 bedroom residence of approximately 1,500 sq. ft. The four one-bedroom units are currently tenanted at market rents, providing immediate, stable cash flow, while the three-bedroom suite is vacant and rent ready or can accommodate an owner-occupier. On-site laundry, a detached four-car garage, and additional exterior parking spaces provide multiple opportunities to generate additional revenue. Located in the heart of Long Branch, surrounded by parks, transit, the lakefront, shops, and established neighbourhood amenities, this property is positioned in a community with strong rental demand and long-term fundamentals.
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Sold History

SOLD
23 December 2023
$1,950,000
SOLD
15 October 2004
$535,000

Summary

Address
55 Thirty Eighth Street
Community
MLSID
W13780002
Property Type
Fourplex
Property Category
Bedrooms
7
Bathrooms
5
Kitchens
5
Zoning
RD(f12;a370;d0.35)
Taxes (Annual)
$8,393.00
Tax Year
2026
Published
September 14, 2026
Days on Market
0 Days
Possession Type
Flexible
Possession Details
Tbd
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Inclusions

Hot water tanks (owned), All kitchen appliances, All interior and exterior lighting (not owned by tenants), Window coverings if not belonging to tenants, 4 hardwired security cameras (hardware only) 3 exterior and 1 interior

Exclusions

Tenant belongings

Details

Bathroom 1
3-Piece Second Level
Bathroom 2
3-Piece Main Level
Bathroom 3
3-Piece Basement Level
Basement
Apartment, Finished with Walk-Out
Interior Features
Separate Hydro Meter
Parking Spaces
4
Parking Total
8
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
50 Feet
Lot Depth
136 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with STONECASTLE REALTY GROUP INC.
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