167 Magnolia Ave

About this Property

FULLY VACANT, brick, three-unit (TRIPLEX) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property recently generated $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 4-piece bathroom. 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.

Listing Details

MLS #

E13851328

Board

PROPTX

Market

ontario

Property Type

Detached

Style

2-Storey

Garage

None

Parking Spaces

3

Basement

Finished, Sep Entrance

Heating

Forced Air

Cooling

Central Air

Pool

None

Lot Size

30 × 109 ft

Annual Taxes

$4,397/yr

Listed By

RARE REAL ESTATE

Listed On

September 30, 2026

Features & Extras