MLS® listing
55 Thirty Eighth Street: fourplex for sale
$2,150,000
From the listing brokerage
TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare 5 units, fourplex + one non conforming, in one of Etobicoke's most sought-after lakeside communities. Situated on an impressive 50' x 137' lot, just steps from Marie Curtis Park and Lake Ontario, this property offers the combination investors look for: strong in-place income, substantial parking, renovated units, and meaningful potential. The property features five generously sized apartments. four x1 bed suites and one x3 bedroom residence of approximately 1,500 sq. ft. The four one-bedroom units are currently tenanted at market rents, providing immediate, stable cash flow, while the three-bedroom suite is vacant and rent ready or can accommodate an owner-occupier. On-site laundry, a detached four-car garage, and additional exterior parking spaces provide multiple opportunities to generate additional revenue. Located in the heart of Long Branch, surrounded by parks, transit, the lakefront, shops, and established neighbourhood amenities, this property is positioned in a community with strong rental demand and long-term fundamentals.
Facts on the listing
| Square feet | 3000-3500 |
|---|---|
| Style | 2-Storey |
| Basement | Apartment, Finished with Walk-Out |
| Lot width | 50 |
| Lot depth | 136.5 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 8 |
| Garage | Detached |
| Heating | Radiant |
| Cooling | None |
| Kitchens | 5 |
| Property tax | $8,393 |
| Tax year | 2026 |
| Interior features | Separate Hydro Meter |
Listing courtesy of STONECASTLE REALTY GROUP INC.. MLS® W13780002.
About this fourplex
55 Thirty Eighth Street is a 7 bedroom fourplex in TRREB's Long Branch community in Toronto, listed for sale at $2,150,000. The listing shows 5 bathrooms and 3000-3500 square feet. The style is given as 2-storey. The lot is listed as 50 by 136.5 feet. The listing gives the basement as apartment, finished with walk-out. It comes with 8 parking spaces and a detached garage according to the listing. The nearest main intersection given is Lakeshore Blvd W and Thirty Eighth Street.
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 55 Thirty Eighth Street
At the asking price of $2,150,000, 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 | $2,150,000 |
|---|---|
| Ontario land transfer tax | $40,225 |
| Toronto municipal land transfer tax | $40,225 |
| Both taxes | $80,450 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $430,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. 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) | $8,393 a year, about $699 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 136.5 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 5 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. The listing has a virtual tour, but 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
Similar homes for sale in Toronto
$1,628,00022 Meadowglade Crescent, Toronto, ON M2J 1C75 bedrooms · 4 bathrooms · DetachedListed by ECKO JAY REALTY LTD.. MLS® C13875128
$2,299,00080 Elmer Avenue, Toronto, ON M4L 3R75 bedrooms · 4 bathrooms · DetachedListed by ROYAL LEPAGE ESTATE REALTY. MLS® E13765230
$4,950,0006 Vernham Avenue, Toronto, ON M2L 2B25 bedrooms · 7 bathrooms · DetachedListed by ROYAL LEPAGE SIGNATURE REALTY. MLS® C13874468
$4,999,000449 Elm Road, Toronto, ON M5M 3W85 bedrooms · 7 bathrooms · DetachedListed by HARVEY KALLES REAL ESTATE LTD.. MLS® C13814726
$1,298,000234 Rouge Hills Drive, Toronto, ON M1C 2Z15 bedrooms · 3 bathrooms · DetachedListed by ROYAL LEPAGE SIGNATURE REALTY. MLS® E13861830
$999,000186 Patricia Avenue, Toronto, ON M2M 1J55 bedrooms · 4 bathrooms · DetachedListed by YORK NATIONAL REALTY INC.. MLS® C13874800
Questions about 55 Thirty Eighth Street
How much is land transfer tax on 55 Thirty Eighth Street?
At the asking price of $2,150,000 the Ontario tax is $40,225 and the Toronto tax is $40,225, $80,450 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 55 Thirty Eighth Street?
$430,000 at the asking price of $2,150,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 55 Thirty Eighth Street?
The listing shows $8,393 a year for 2026, about $699 a month.
How do I book a showing for 55 Thirty Eighth Street?
Use the form on this page or call us. Quote MLS® W13780002. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 55 Thirty Eighth 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.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.