$2,150,000 - 55 Thirty Eighth Street, Liberty Village
Multi-Family for Sale in Liberty Village
New — Listed 3 days agoNeighbourhood: Long Branch
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- MLS Number
- W13780002
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 3
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- STONECASTLE REALTY GROUP INC.
TURNKEY MULTIPLEX INVESTMENT IN THE HEART OF LONG BRANCH! An exceptional opportunity to acquire a rare five-unit multiplex 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.
Estimate your monthly payments for this property
Estimated Payment
$9,510.18/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Historic Lakefront Character
Long Branch is a historic lakefront neighbourhood at the western edge of Etobicoke with roots dating back to the late 1800s as a summer resort community. Today it retains its charming village character with tree-lined streets, character homes, and direct Lake Ontario waterfront access. The area has seen thoughtful infill development while preserving its heritage appeal.
Why Live in Long Branch
- •Historic lakefront community since the 1800s
- •Charming village character with heritage homes
- •Direct Lake Ontario waterfront access
- •Long Branch GO Station and TTC streetcar
- •Marie Curtis Park at the neighbourhood's edge
Nearby Schools
Transit & Commuting
- •Long Branch GO Station on the Lakeshore West line
- •TTC 501 Queen streetcar
- •TTC bus connections
- •Easy access to Gardiner Expressway
Parks & Amenities
- •Long Branch Park
- •Marie Curtis Park
- •Colonel Samuel Smith Park
- •Waterfront Trail
- •Long Branch village shops
Lifestyle & Community
Long Branch delivers historic lakefront charm with the practical benefits of strong transit connectivity. Residents enjoy beach access, heritage streetscapes, and the intimate feel of a lakeside village within Toronto.
55 Thirty Eighth Street, Liberty Village / Parkdale / South Parkdale
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $717/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Liberty Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Liberty Village.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Long Branch
I know Long Branch well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.