A smart opportunity for investors, first-time buyers, or families looking to offset monthly carrying costs with strong rental income potential. Set on a 25' x 104' lot, this semi-detached 2-storey home offers 4+2 bedrooms, 3 bathrooms, and approx. 1,360 sq. ft. above grade, providing a versatile layout for both end-users and income-focused buyers. The main floor features an updated kitchen, while renovated bathrooms add a fresh, modern touch throughout. The lower level includes two additional bedrooms, offering excellent flexibility for extended family use or additional rental income potential. With rental income reported by the seller at approximately $6,500 per month, this property presents an attractive option for buyers looking to reduce their monthly payments while building equity in a convenient Toronto location. Walkable to schools, trails, transit, shops, and everyday amenities, this well-kept home combines practical updates, strong functionality, and income-generating potential in one complete package. Buyer to verify rental income, measurements, and permitted use.
Address
39 Magnolia Avenue
List Price
$799,800
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto E04
Sub-Area
Kennedy Park
Region
Toronto
Bedrooms
4 + 1
Bedrooms (Total)
5
Rooms Above Grade
10
Bathrooms
3
Floor Area
1100-1500 Sq. Ft.
Lot Depth
104
Lot Size Units
Feet
Lot Width
25
Parcel Number
064350321
Occupant Type
Tenant
Cross Street
Midland Ave/ Danforth Rd.
MLS® Number
E13502322
Listing Brokerage
RE/MAX GOLD REALTY INC.
Basement Area
Finished with Walk-Out
Postal Code
M1K 3K3
Parking
Available
Parking Places (Total)
3
Parking Spaces
2
Tax Amount
$3,536.67
Tax Year
2025
Interior Features
Other
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Brick
Garage
Yes
Garage Type
Built-In
Covered Spaces
1
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Shingles
Tax Legal Description
LT 28, BLK O, PL 1093 ; SCARBOROUGH , CITY OF TORONTO
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Ground | Living Room | 4.14 x 3.6 | Formal Rm, Hardwood Floor |
| Ground | Dining Room | 2.75 x 3.6 | Formal Rm, Hardwood Floor |
| Ground | Kitchen | 2.77 x 2.5 | Backsplash, Vinyl Floor |
| Ground | Breakfast | 2.77 x 3.19 | Vinyl Floor, W/O To Garage |
| Second | Primary Bedroom | 4.08 x 3.02 | Closet, Hardwood Floor |
| Second | Bedroom 2 | 2.97 x 2.55 | Closet, Hardwood Floor |
| Second | Bedroom 3 | 2.76 x 2.55 | Closet, Hardwood Floor |
| Second | Bedroom 4 | 3.84 x 3.02 | Closet, Hardwood Floor |
| Basement | Media Room | 5.17 x 3.02 | Formal Rm, Parquet |
| Basement | Laundry | 3.52 x 2.61 | 3 Pc Ensuite, Ceramic Floor |
| Basement | Other | 3.07 x 1.5 | Formal Rm, Vinyl Floor |