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57 Cowan Avenue
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For Sale
57 Cowan Avenue
South Parkdale, Toronto M6K2N1
$1,995,000
MLS® W12890260
Bedrooms
9
Bathrooms
9
Parking
Interior
2500 - 3000 sqft
Lot size
24 ft×87 ft ft
Type
Multi-family
Other
About this property
An exceptional and rarely available opportunity to acquire a fully leased 9-unit multiplex in the heart of South Parkdale, one of Toronto's most vibrant and rapidly gentrifying neighbourhoods just steps to trendy King Street West, transit, shops, restaurants, and every day amenities. This well-maintained income property offers zero vacancy, stable tenants, and an excellent cap rate, making it a compelling addition to any investor's portfolio with strong in-place cash flow and long-term upside.The building features nine self-contained units including two small one-bedroom suites, four well-sized one-bedroom plus living room apartments, and three studio units on the upper floor, creating a diverse unit mix that appeals to a broad tenant base. The current owner has been strategically renovating units as they become vacant, and several suites have already been upgraded, offering clear potential for continued improvements and increased rental income overtime.Situated on a quiet residential street, the property also includes a private backyard with shed and potential for a future parking pad, creating additional value and income possibilities. The building has been well maintained with a good roof and freshly painted doors, and benefits from responsible long-term tenants. Zoned "Multiplex With 7 Or More Self-Contained Units," this is a very rare chance to secure a turn key multi-unit investment in a prime west-end Toronto location with strong cash flow today and meaningful long-term appreciation potential.
Features & highlights
Park
Place of Worship
Public Transit
Schools
School Bus
Property details
Basement Finished, N/A, N/A, N/A (Finished)
Heating Radiant heat, Natural gas
Cooling Wall unit
Exterior Brick
Lot dimensions 24 ft × 87 ft ft
Sewer Sanitary sewer
Water Municipal water
Listed Mar 17, 2026
Days on market 94 days
Listing brokerage Forest Hill Real Estate Inc.
MLS® W12890260
$1,995,000
57 Cowan Avenue
South Parkdale, Toronto
MLS® W12890260 · For Sale
RI
Richard Isaac Himelfarb
Forest Hill Real Estate Inc.
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57 Cowan Avenue
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57 Cowan Avenue
$1,995,000 · South Parkdale, Toronto
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