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57 Cowan Avenue in Toronto for sale

Asking price
$2,389,000
Estimate (Mar 17)
$2,359,583
MLS #:
W12890260
Type:
Multiplex, 3-Storey
Approx. SQFT:
2500-3000
Basement:
Apartment, Sep Entrance
7+2 7+2
24 x 87 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Sld Aug 03, 2022 $1,620,000
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Lsd Apr 12, 2021 $1,000
0000-00-00 $00000 Lsd Jul 30, 2020 $1,000
0000-00-00 $00000 Lsd May 10, 2019 $1,000
0000-00-00 $00000 Lsd Oct 14, 2018 $900
0000-00-00 $00000 Lsd Apr 20, 2018 $900
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Lsd Sep 23, 2017 $1,300
0000-00-00 $00000 Lsd Aug 31, 2017 $800

Listed by Forest Hill Real Estate Inc..

57 Cowan Avenue is a Multiplex, 3-Storey and is currently for Sale @ $2,389,000. Taxes in 2025 were $13,445.73.

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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. The 3-Storey on 57 Cowan Avenue has 7 bedrooms, 9 bathrooms, and is located on a 87 x 24 ft lot in the community of South Parkdale . 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.

All existing built in kitchen appliances.

The address 57 Cowan Avenue was listed for sale (MLS# W12890260) on Tuesday, March 17, 2026.

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  • Date Listed: Tuesday, March 17, 2026
  • Listing Brokerage: Forest Hill Real Estate Inc. - Disclaimer: The information contained in this listing has not been verified by Forest Hill Real Estate Inc. and should be verified by the buyer.
  • City: Toronto

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  • Neighbourhood: South Parkdale
  • Major Intersection: King/Dufferin
  • Full Address: 57 Cowan Avenue, Toronto, M6K 2N1, Canada, ON, Canada
  • Amenities:
  • Taxes: $13,445.73 (2025)

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