$2,150,000
55 Thirty Eighth Street, Toronto, ON M8W 3M2
Long Branch · Toronto · M8W 3M2
Listing brokerage: STONECASTLE REALTY GROUP INC.
- Beds
- 7
- Baths
- 5
- Sq ft
- 3000–3500
- Parking
- 8
Monthly costs
Property taxes
$699/mo
$8,393 a year (2026)
The home
- Lot size
- 50 × 136.5 ft
- Style
- 2-Storey
- Basement
- Apartment, Finished with Walk-Out
- Parking
- 8 spots · Detached
- Faces
- East
- Heating · cooling
- Radiant
- Possession
- TBD
About this home
TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare 5 units, fourplex + one non conforming, 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.
All details21 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 7
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 12
- Den / family room
- Yes
- Size
- 3000-3500 sq ft
- Fireplace
- Yes
Features
- Separate Hydro Meter
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 4
Exterior & Lot
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- In Addition To
Listing
- MLS® number
- W13780002
- Type
- Fourplex
- Transaction
- For Sale
- Neighbourhood
- Long Branch
- Cross streets
- Lakeshore Blvd W and Thirty Eighth Street
Rooms · 5Washroom ×5
2 × 3-piece washroom
Second
3-piece washroom
Main
2 × 3-piece washroom
Basement
History
Past listings and sales for this home and building.
Location
55 Thirty Eighth Street, Toronto, ON M8W 3M2 · Near Lakeshore Blvd W and Thirty Eighth Street
Monthly cost
Estimated monthly cost
$10,219/mo
- Mortgage
- $9,520
- Property tax
- $699
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
$512,614
$430,000 down + $82,614 to $83,864 in closing costs
- Ontario land transfer tax
- $40,225
- Toronto land transfer tax
- $40,225
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $414
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.
$2,150,000
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