167 Magnolia Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Kennedy Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 30 x 109 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Accessory Apartment, Carpet Free, Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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.
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Property Summary
This detached home located at 167 Magnolia Avenue, Toronto is currently for sale and has been available on SousaSells for 22 days. This property is listed at $999,900 with an estimated mortgage of $3,328* per month. It has 5 beds, 3 bathrooms, and is 1500-2000 square feet. 167 Magnolia Avenue, Toronto is in the Kennedy Park neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Kennedy Park, Toronto.
- •5 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Kennedy Park, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Fenced Yard
- Library
- Place Of Worship
- Park
- Public Transit
- Rec./Commun.Centre
Interior Features
- Accessory Apartment
- Carpet Free
- Storage
- Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 167 Magnolia Avenue, Toronto, ON
Q.What is the asking price for 167 Magnolia Avenue, Toronto, ON ?
The current listing price for 167 Magnolia Avenue, Toronto, ON in Kennedy Park, Toronto is $999,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 167 Magnolia Avenue, Toronto, ON ?
167 Magnolia Avenue, Toronto, ON is a Detached (2-Storey) featuring a Finished, Separate Entrance basement.
Q.What key property features does 167 Magnolia Avenue, Toronto, ON offer?
Key property features include: Fenced Yard, Library, Place Of Worship, Park, Public Transit, Rec./Commun.Centre.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, Carpet Free, Storage, Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 167 Magnolia Avenue, Toronto, ON M1K 3K7
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $999,900 in Toronto, the legal minimum down payment is $74,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,473 also applies, bringing the total estimated land transfer taxes to $32,946.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.