167 Magnolia Avenue • Toronto, ON photo 1
167 Magnolia Avenue • Toronto, ON photo 2
167 Magnolia Avenue • Toronto, ON photo 3
167 Magnolia Avenue • Toronto, ON photo 4
New1 / 4
$999,900
167 Magnolia Avenue • Toronto, ONNew
Courtesy of RARE REAL ESTATE
4+1
Bedrooms
3
Bathrooms
1500-2000
Square feet
3
Parking

About this home

Full brick, turnkey three-unit (triplex) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property currently generates approximately $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 3-piece bathroom. Investors/Buyers can assume the existing tenants (all month to month leases) for instant income or request vacant possession with a 60+ day closing to move in or re-lease at full market rent. 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.

Property details

Property type
Detached
Style
2-Storey
Total rooms
6
Lot size
30 × 109 ft
Property taxes
$4,396.69 (2026)
Occupancy
Immediate or 60 days
Days on market
5
Status
Active
MLS®

Property history

Recently sold nearby

Listing data last updated: Jul 19, 2026, 7:27 a.m. EDT via TRREB IDX.

First listed: Jul 15, 2026, 10:26 a.m. EDT.