Home · Buy · Toronto E04 · 167 Magnolia Avenue, Toronto, ON M1K 3K7
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For Sale · Detached
167 Magnolia Avenue, Toronto, ON M1K 3K7
Toronto E04 · Kennedy Park
2-StoreyFinished, Separate Entrance basementWest exposure
4 + 1
Beds
3
Baths
3
Parking
1500-2000
Sq ft
—
Built
The honest picture
List price
$999,900
Renavu Estimate
—
Benchmark · 2-Storey Detached
$924,400
Listed 8% above the Kennedy Park benchmark for 2-storey detached homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
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
Listed on
July 15, 2026
Days on market
9 days
Property tax
$4,396.69 (2026)
Lot
30 × 109 Feet
Style
2-Storey
Heating
Forced Air
Cooling
Central Air
MLS®
E13565974
Full details
Parking
GarageNone
Total parking3
Parking featuresPrivate
Property & sold history
🔒
See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 7.5%
$
Down:or type any amount above
This price requires at least 7.5% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$16,473
Toronto municipal LTT$16,473
Legal · title · inspection$2,800
Closing costs$35,746
Down payment$74,990
Total cash to close$110,736
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
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