Listing ID: W12890260  
$1,995,000

57 COWAN AVENUE

FOREST HILL REAL ESTATE INC.

57 COWAN AVENUE, Toronto (South Parkdale), Ontario, M6K2N1
Bathrooms9 Bedrooms9
Property TypeMulti-family Building Area2500 - 3000 sqft

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:10648)


Details
GarageNo CarportNo
Attached GarageNo Open ParkingNo
WaterfrontNo Community FeaturesSchool Bus
Frontage Length24 ft ViewCity view
ViewYes
Building
Cooling TypeWall unit CoolingYes
HeatingRadiant heat Heating FuelNatural gas
Levels3 PoolNo
SewerSanitary sewer Stories3

Listing Office: FOREST HILL REAL ESTATE INC.

Data Provided by Toronto Regional Real Estate Board

Last Modified :Tue, 14 Apr 2026 23:09:25 GMT

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