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150 Park Street, Toronto, ON M1N 2P6

Toronto E06, ON

$1,275,000
MLS® #: E13622088
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Description

Purpose-built triplex offering a rare opportunity for investors to unlock immediate value. All three units are vacant, allowing the next owner to maximize current market rents, or update and push rent potential even higher from day one. The property features two spacious 2-bedroom suites, approximately +900 sq. ft. each, plus a bright 1-bedroom lower-level suite with above-grade windows, approximately 700 sq. ft. Every unit includes parking, a sought-after amenity that supports strong tenant demand. Whether you're expanding your portfolio or entering the multiplex market, this is an opportunity to acquire a solid purpose-built asset with substantial upside. Located in the sought-after Cliffside neighbourhood, this property is just minutes from Kingston Road's shops, restaurants, GO Transit, TTC, the Scarborough Bluffs, waterfront parks, and everyday conveniences. Additional features include separate hydro meters, a new furnace (2026), on-site laundry, and a private backyard.A stabilized pro forma and market rent analysis demonstrate the property's long-term income potential, making it an attractive investment in the growing Cliffside neighbourhood.

Quick Details

Beds5
Baths3
TypeResidential Freehold
Sq Ft0
Parking Spaces3
Taxes$4,834
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Comprehensive Property Details

Approximate Age 51-99
Assessment Year 2025
Bedrooms Above Grade 4
Bedrooms Below Grade 1
Central Vacuum Y N No
City Region Birchcliffe-Cliffside
Contract Status Available
Country CA
County Or Parish Toronto
Covered Spaces 0
Cross Street Midland @ Kingston Rd.
D D F Y N Yes
Den Familyroom Y N No
Direction Faces East
Directions North off Kingston Rd.
Ensuite Laundry Y N No
Expiration Date 2026-10-30
Fireplace Y N No
Garage Type None
Garage Y N No
Heat Source Gas
Heat Type Forced Air
Internet Address Display Y N Yes
Internet Entire Listing Display Y N Yes
Kitchens Above Grade 2
Kitchens Below Grade 1
Kitchens Total 3
List A O R Toronto Regional Real Estate Board
List Office Name REAL ESTATE HOMEWARD
Living Area Range 1500-2000
Lot Depth 120
Lot Size Area Units SquareFeet
Lot Size Source MPAC
Lot Size Units Feet
Lot Width 30
Mls Status Sold Conditional
Occupant Type Vacant
Parcel Number 064330139
Parking Spaces 3
Possession Details 30/60/tbd
Possession Type Flexible
Postal Code M1N 2P6
Property Sub Type Triplex
Roll Number 190101460002700
Rooms Above Grade 10
Rooms Below Grade 4
Senior Community Y N No
Sign On Property Y N No
Standard Status Active Under Contract
State Or Province ON
Street Name Park
Street Number 150
Street Suffix Street
Survey Type None
Tax Legal Description PCL 33-1, SEC M388 ; PT LT 33, PL M388 , PART 1 & 4 , 66R269 , S/T ROW OVER THAT PT OF SAID LT 33 DESIGNATED AS PT 4 AFORESAID; T/W ROW OVER THAT PT OF LTS 33 AND 32 PL M388 DESIGNATED AS PT 3 ...
Tax Year 2025
Transaction Type For Sale
Vendor Property Info Statement No
Washrooms Type1 1
Washrooms Type1 Level Main
Washrooms Type1 Pcs 4
Washrooms Type2 1
Washrooms Type2 Level Second
Washrooms Type2 Pcs 4
Washrooms Type3 1
Washrooms Type3 Level Basement
Washrooms Type3 Pcs 4
Waterfront Y N No