MLS® listing
58 Forty-First Street: triplex for sale
$1,499,900
From the listing brokerage
Beautifully renovated detached triplex on a large 50 x 120 foot lot in an unbeatable Toronto location, offering exceptional income potential for investors or end users looking to live in one unit while generating rental income from the others. This well-maintained property features three self-contained units, including two spacious 3-bedroom suites and a 2-bedroom lower-level apartment, making it an ideal opportunity for multi-generational living or strong cash flow. Each upper unit showcases hardwood flooring throughout, updated kitchens with stone countertops, stainless steel appliances, modern cabinetry and stylish finishes. The thoughtfully designed layouts offer generous living and dining areas, spacious bedrooms and renovated bathrooms. The lower-level apartment provides additional income potential with its own kitchen, living space, 2 bedrooms and full bath. The property also offers a common storage area, coin-operated laundry, a newer hot water tank and no rental items for added peace of mind. Outside, enjoy a detached double-car garage plus parking for up to 8 vehicles-an incredibly rare feature in the city. Conveniently located close to the TTC, GO Train, the lake, parks, schools, and shopping, this turnkey investment combines location, versatility, and outstanding value in one exceptional property. Fully leased with great AAA tenants! Start building equity immediately!
Facts on the listing
| Square feet | 2000-2500 |
|---|---|
| Style | 2-Storey |
| Basement | Apartment, Separate Entrance, Finished |
| Lot width | 50 |
| Lot depth | 120 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 8 |
| Garage | Detached |
| Heating | Radiant |
| Cooling | Window Unit(s) |
| Kitchens | 2 |
| Property tax | $7,075 |
| Tax year | 2026 |
| Parking | Private |
| Interior features | Separate Hydro Meter, Storage Area Lockers |
Listing courtesy of RE/MAX PREMIER INC.. MLS® W13518424.
About this triplex
58 Forty-First Street is an 8 bedroom triplex in TRREB's Long Branch community in Toronto, listed for sale at $1,499,900. The listing shows 3 bathrooms and 2000-2500 square feet. The style is given as 2-storey. The lot is listed as 50 by 120 feet. The listing gives the basement as apartment, separate entrance, finished. It comes with 8 parking spaces and a detached garage according to the listing. The nearest main intersection given is Hwy 427/Lakeshore Rd E.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 58 Forty-First Street
At the asking price of $1,499,900, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1,499,900 |
|---|---|
| Ontario land transfer tax | $26,473 |
| Toronto municipal land transfer tax | $26,473 |
| Both taxes | $52,946 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $124,990 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $7,075 a year, about $590 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as radiant.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 50 by 120 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 2 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 58 Forty-First Street
How much is land transfer tax on 58 Forty-First Street?
At the asking price of $1,499,900 the Ontario tax is $26,473 and the Toronto tax is $26,473, $52,946 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 58 Forty-First Street?
$124,990 at the asking price of $1,499,900, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 58 Forty-First Street?
The listing shows $7,075 a year for 2026, about $590 a month.
How do I book a showing for 58 Forty-First Street?
Use the form on this page or call us. Quote MLS® W13518424. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 58 Forty-First Street still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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