55 Thirty Eighth Street, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Long Branch. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,188,000 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.
- 7 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 50 x 136.5 ft lot
- Features a apartment, finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Hydro Meter
- equipped with none, window unit(s) central cooling and highly efficient radiant heating via gas
Description
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.
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Property Summary
This fourplex located at 55 Thirty Eighth Street, Toronto is currently for sale and has been available on SousaSells for 24 days. This property is listed at $2,188,000 with an estimated mortgage of $7,283* per month. It has 7 beds, 5 bathrooms, and is 3000-3500 square feet. 55 Thirty Eighth Street, Toronto is in the Long Branch neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Long Branch, Toronto.
- •7 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Long Branch, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Separate Hydro Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 55 Thirty Eighth Street, Toronto, ON
Q.What is the asking price for 55 Thirty Eighth Street, Toronto, ON ?
The current listing price for 55 Thirty Eighth Street, Toronto, ON in Long Branch, Toronto is $2,188,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 5 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 55 Thirty Eighth Street, Toronto, ON ?
55 Thirty Eighth Street, Toronto, ON is a Fourplex (2-Storey) featuring a Apartment, Finished, Separate Entrance basement.
Q.What interior features are included in this home?
Interior highlights include: Separate Hydro Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None, Window Unit(s).
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About Purchasing a Home in Toronto, ON
For a property listed at $2,188,000 in Toronto, the legal minimum down payment is $437,600 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 $41,175 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $41,175 also applies, bringing the total estimated land transfer taxes to $82,350.
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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.