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.
7 bedrooms, 5 bathrooms, about 3,000 sq ft, works out to roughly $692 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 55 Thirty Eighth St
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
3000-3500 sq ftas stated on the listing
Parking
8 spacesYes garage
Basement
Apartment, Finished with Walk-Out
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
Apartment · Finished with Walk-Out
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Fourplex
55 Thirty Eighth St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$10,194
/mo
based on the purchase price of $2,075,000
$415,000 cash
$1,660,000 financed
$1,398,156 total interest
Principal54%$1,660,000
Interest46%$1,398,156
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 6–10 bed homes for sale in Toronto around $2.1M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5194.5%On average, homes sold at or above asking.
Active listings11,825Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 12 – Aug 10, 2026: prices up.
Based on 9,125 sales from Aug 10 – Nov 8, 2026 (7,196 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
55 Thirty Eighth St is listed at $2,075,000 (MLS® W13780002). Summitly updates the price as soon as the MLS® record changes.
Is $2,075,000 a good price for 55 Thirty Eighth St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 55 Thirty Eighth St changed?
Yes — it was first listed at $2,150,000 and is now $2,075,000, a drop of $75,000 (3.5%).
How many bedrooms and bathrooms does 55 Thirty Eighth St have?
55 Thirty Eighth St has 7 bedrooms and 5 bathrooms, with about 3,000–3,500 square feet of living space. It is a fourplex in Toronto.
Is 55 Thirty Eighth St close to transit?
The nearest rapid-transit station is Long Branch GO Station (Lakeshore West GO), about 560 m (about a 7-minute walk) in a straight line. Dixie GO Station is about 3.7 km, and Mimico GO Station is about 4.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 55 Thirty Eighth St?
About $10,194 a month — principal and interest on $2,075,000 with 20% down ($415,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 55 Thirty Eighth St compare with other homes in Toronto?
Its asking price of $2,075,000 is about 146% above the median sold price in Toronto over the last 90 days, $844,900, across 9,125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 55 Thirty Eighth St been sold before?
Summitly has no earlier MLS® sale or lease of 55 Thirty Eighth St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 55 Thirty Eighth St?
55 Thirty Eighth St is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 55 Thirty Eighth St been on the market?
58 days — 55 Thirty Eighth St was listed on September 11, 2026.
What is the price per square foot of 55 Thirty Eighth St?
About $593 to $692 per square foot: the asking price of $2,075,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 55 Thirty Eighth St have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
