55 Thirty Eighth Street
55 Thirty Eighth Street
$2,188,000
$691/sq ft · 2 days on market
About This Listing
An exceptional multiplex opportunity in the highly sought-after Long Branch community of Etobicoke, just steps from Marie Curtis Park and the shores of Lake Ontario. This well-maintained property, on a 50' x 137' lot, features five spacious units, including four one-bedroom apartments and one expansive three-bedroom suite. All four one-bedroom units are tenanted at market rents, offering immediate, stable income. The impressive three-bedroom unit-approximately 1,500 sq ft-is currently vacant, providing flexibility for owner occupancy or the opportunity for a new buyer to lease at top market value. The building offers separately metered hydro for four of the five units, helping streamline expenses and management. Each unit has been beautifully renovated with generous layouts that appeal to quality tenants. Additional income potential comes on site laundry in the lower level and from a detached four-car garage, ideal for indoor parking rentals, along with four exterior parking spaces-eight in total. Located in a prime lakeside neighbourhood with strong rental demand, this is a turnkey investment with upside potential and long-term value.
| Monthly Mortgage (P&I) | $9,533 |
| Property Tax (MLS) | $699 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $10,232 |
Down payment: $437,600 (20.0%) · Mortgage: $1,750,400
Property tax uses MLS annual tax of $8,393/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by STONECASTLE REALTY GROUP INC.
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Data last updated: August 23, 2026 at 04:25 a.m.