For Sale: 57 Cowan Avenue, Toronto, ON - REW
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$1,995,000
7 + 2 bd • 9 ba • 2500 - 3000 sf • House
57 Cowan Avenue
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$1,995,000
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57 Cowan AvenueToronto, ON, M6K 2N1

South Parkdale
  • 7 + 2 Bed
  • 9 Bath
  • 2500 - 3000 Sqft
  • House

About this home

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.
Listed by: Richard Isaac Himelfarb, Salesperson, FOREST HILL REAL ESTATE INC.

Home facts and features

Price details
List Price
$1,995,000
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Gross Taxes for 2025
$13,446
Home facts
Bedrooms
7 + 2
Full Bathrooms
9
Property Type
House
Lot Size
24 ft x 87 ft (2088 ft²)
Depth
87.0
Frontage
24.0
Exterior Finish
Brick
Heating Type
Radiant, Gas
Cooling
Wall Unit(s)
Basement Details
Apartment, Separate Entrance, Finished
Features
Carbon Monoxide Detectors, Deck, Park, Patio, Place Of Worship, Porch, Public Transit, School, School Bus Route, Smoke Detector
Community
Agent details
Primary Agent
Primary Broker
FOREST HILL REAL ESTATE INC.
Listing details
Days on REW
84 Days
Property Views
32
MLS® Number
W12890260
Source
Toronto Real Estate Board
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25 Years
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Property Insights

Queen Victoria Junior Public School
  • Public
  • JK - 8
Holy Family Catholic School
  • Catholic
  • JK - 8
Parkdale Collegiate Institute
  • Public
  • 9 - 12
Tamarack West Outdoor School
  • Private
  • JK - 8
The Grove Community School
  • Public
  • JK - 6
Mary, Mother of God School
  • Private
  • JK - 12
Parkdale Junior & Senior Public School
  • Public
  • JK - 8
Alexander Muir/Gladstone Ave Junior & Senior Public School
  • Public
  • JK - 8
Shirley Street School
  • Public
  • JK - 6
Givins/Shaw Junior Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Richard Himelfarb
Phone:
(416) 970-7424
Office:
416-975-5588
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.