$999,900Asking Price
167 Magnolia Avenue, Toronto, ON M1K 3K7
Kennedy Park, Toronto
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.
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.
See MoreKey Info
- 2-Storey Detached
- 3-Car Driveway
- No Garage
- Danforth / Midland
- 1500-2000 Approximate Sq Feet
- Finished Basement
- 3 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 30 x 109 Feet
- Brick Exterior
- Taxes were $4,396 in 2026
- Possession: Immediate or 60 days
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #E13565974
- RARE REAL ESTATE
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 3-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
How Far is Too Far?
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Who lives here?
Kennedy Park, Toronto is an east Toronto neighbourhood notable for its singles, renters, salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from the Philippines and Bangladesh, and Tagalog and Bengali speakers. Residents tend to be older with a significant number of babies, kids aged 10 to 14, youth aged 15 to 19, adults aged 50 to 64 and seniors aged 65 to 69.
Families
Kids Per Family
1.4
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
53%
of residents are
single and loving it.
53% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
50%
of residents
are renters.
50% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
31%
of residents are
university grads.
31% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$82K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 19% |
| Business | 9% |
| Trades | 8% |
| Government | 6% |
| Health | 4% |
Immigrants
56%
of residents were
born outside of Canada.
56% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
12.6% from Philippines
All-time
Birthplace - Recent
1.8% from Philippines
Recent
Foreign Languages
Foreign Languages
| Tagalog | 9% |
| Bengali | 8% |
| Tamil | 4% |
| Cantonese | 3% |
| Greek | 1% |
Religions
Religions
| Christian | 59% |
| Muslim | 11% |
| Hindu | 10% |
| Buddhist | 2% |
Social Housing
Social Housing Buildings
10
Social housing buildings
in the neighbourhood.
Shelters
Shelters
4
Homeless shelters in
the neighbourhood.
