57 COWAN AVENUE - Photo 1 of 10, Toronto (South Parkdale), Ontario
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$2,389,000

57 COWAN AVENUE — Toronto (South Parkdale), Ontario

M6K2N1

9Beds
9Baths

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. (id:63357)

Property Location

Property Details

Property Type
Multi-Unit
Bedrooms
9
Bathrooms
9
Stories
3.0
Status
Active

Location & Neighborhood

What's nearby 57 COWAN AVENUE

Parks & Recreation

Transit Access

Local Amenities

Coffee & Cafes

Fitness

Dining

POI data updated 3/17/2026

Toronto (South Parkdale) Market Snapshot

48

Active Listings

$598K

Median Price

0

Avg Days on Market

Last updated: Mar 17, 2026

Listed by

FOREST HILL REAL ESTATE INC.

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$2,389,000
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Oakwyn Realty Ltd.

Search Listings Online Inc.

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REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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