$939,900
167 Magnolia Avenue, Toronto, ON M1K 3K7
Kennedy Park · Toronto · M1K 3K7
Listing brokerage: RARE REAL ESTATE
- Beds
- 4+1
- Baths
- 3
- Sq ft
- 1500–2000
- Parking
- 3
Monthly costs
Property taxes
$366/mo
$4,397 a year (2026)
The home
- Lot size
- 30 × 109 ft
- Style
- 2-Storey
- Basement
- Finished, Separate Entrance
- Parking
- 3 spots
- Faces
- West
- Heating · cooling
- Forced Air, Central Air
- Possession
- FLEXIBLE
About this home
Full brick, three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property recently generated $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 4-piece bathroom. Upper unit is vacant, remaining two units have signed N11's so can request vacant possession. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough's most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing.
All details20 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 4+1
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 6
- Size
- 1500-2000 sq ft
Features
- Accessory Apartment
- Carpet Free
- Storage
- Water Heater
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 0
Features
- Private
Exterior & Lot
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- E13851328
- Type
- Detached
- Transaction
- For Sale
- Neighbourhood
- Kennedy Park
- Cross streets
- Danforth / Midland
Rooms · 3Washroom ×3
4-piece washroom
Main
4-piece washroom
Second
4-piece washroom
Basement
History
Past listings and sales for this home and building.
Location
167 Magnolia Avenue, Toronto, ON M1K 3K7 · Near Danforth / Midland
Monthly cost
Estimated monthly cost
$4,528/mo
- Mortgage
- $4,162
- Property tax
- $366
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$220,493
$187,980 down + $32,513 to $33,763 in closing costs
- Ontario land transfer tax
- $15,273
- Toronto land transfer tax
- $15,273
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $217
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$939,900
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