55 Thirty Eighth Street, Toronto, ON M8W 3M2
Long Branch, Toronto · Near Lakeshore Blvd W and Thirty Eighth Street · View map
About this home
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.
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 7
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 12
- Basement
- Apartment, Finished with Walk-Out
- Lot size
- 50 x 136.5 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Garage spaces
- 4
- Driveway spaces
- 4
- Total parking
- 8
Taxes & other
- Property taxes
- $8,393/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Lakeshore Blvd W and Thirty Eighth Street
- Neighbourhood
- Long Branch
More
- Price per sq ft
- ~$638 (at 3,250 sq ft)
- MLS® number
- W13780002
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The home and its surroundings
- Separate Hydro Meter
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
55 Thirty Eighth Street, Toronto, ON M8W 3M2
Long Branch, Toronto · Near Lakeshore Blvd W and Thirty Eighth Street
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Listing history for 55 Thirty Eighth Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 55 Thirty Eighth Street
Answers come straight from this home’s MLS® listing.
How much is 55 Thirty Eighth Street listed for, and what would it cost each month?
55 Thirty Eighth Street is listed for $2,075,000. With 20% down ($415,000), the mortgage payment would be roughly $8,370 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $9,069 a month, all in. That figure is an illustration, not a quote.
Is 55 Thirty Eighth Street freehold or a condo, and is there a monthly fee?
55 Thirty Eighth Street is a fourplex in Long Branch, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 55 Thirty Eighth Street have?
55 Thirty Eighth Street has 7 bedrooms and 5 bathrooms. The listing gives the style as 2-storey.
Does 55 Thirty Eighth Street have a garage and parking?
Yes. The listing shows the garage as detached, with room for 4 cars. The driveway adds 4 spaces. In total the listing counts 8 parking spaces.
Does 55 Thirty Eighth Street have a finished basement?
The listing describes the basement as apartment, finished with walk-out. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 55 Thirty Eighth Street?
55 Thirty Eighth Street is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 55 Thirty Eighth Street, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50 x 136.5 ft.
How is 55 Thirty Eighth Street heated and cooled?
Heating is radiant (gas). The listing does not show air conditioning.
What are the property taxes for 55 Thirty Eighth Street?
Property taxes are $8,393 a year (2026), or about $699 a month.
Where is 55 Thirty Eighth Street?
55 Thirty Eighth Street is in the Long Branch community of Toronto. The nearest main intersection is Lakeshore Blvd W and Thirty Eighth Street. The postal code is M8W 3M2.
Is 55 Thirty Eighth Street still for sale?
Yes. It is an active listing (MLS® W13780002). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 55 Thirty Eighth Street asking?
Similar properties for sale nearby right now include 55 Thirty Eighth Street at $2,075,000, 31 Fortieth Street at $2,199,000 (8+2 bed) and 502 Atlas Avenue at $1,839,900 (7 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 55 Thirty Eighth Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 55 Thirty Eighth Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Long Branch, picked by style, size and price.
Investment$2,075,00055 Thirty Eighth Street, TorontoLong BranchCourtesy of: STONECASTLE REALTY GROUP INC.View home →
Duplex$2,199,00031 Fortieth Street, Toronto8+2 bed · 6 bath · Long BranchCourtesy of: RE/MAX PROFESSIONALS INC.View home →
Fourplex$1,839,900502 Atlas Avenue, Toronto7 bed · 7 bath · Oakwood VillageCourtesy of: RE/MAX WEST REALTY INC.View home →Courtesy of: STONECASTLE REALTY GROUP INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.