Purpose-built triplex offering a rare opportunity for investors to unlock immediate value. All three units are vacant, allowing the next owner to maximize current market rents, or update and push rent potential even higher from day one. The property features two spacious 2-bedroom suites, approximately +900 sq. ft. each, plus a bright 1-bedroom lower-level suite with above-grade windows, approximately 700 sq. ft. Every unit includes parking, a sought-after amenity that supports strong tenant demand. Whether you're expanding your portfolio or entering the multiplex market, this is an opportunity to acquire a solid purpose-built asset with substantial upside. Located in the sought-after Cliffside neighbourhood, this property is just minutes from Kingston Road's shops, restaurants, GO Transit, TTC, the Scarborough Bluffs, waterfront parks, and everyday conveniences. Additional features include separate hydro meters, a new furnace (2026), on-site laundry, and a private backyard.A stabilized pro forma and market rent analysis demonstrate the property's long-term income potential, making it an attractive investment in the growing Cliffside neighbourhood.
Address
150 Park Street
List Price
$1,275,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto E06
Sub-Area
Birchcliffe-Cliffside
Region
Toronto
Bedrooms
4 + 1
Bedrooms (Total)
5
Rooms Above Grade
10
Rooms Below Grade
4
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
120
Lot Size Units
Feet
Lot Width
30
Parcel Number
064330139
Occupant Type
Vacant
Cross Street
Midland @ Kingston Rd.
Approx. Age
51 - 99 Years
MLS® Number
E13622088
Listing Brokerage
REAL ESTATE HOMEWARD
Basement Area
Apartment, Separate Entrance, Walk-Up
Postal Code
M1N 2P6
Posession Details
30/60/tbd
Parking
Lane
Parking Places (Total)
3
Parking Spaces
3
Tax Amount
$4,834.06
Tax Year
2025
Interior Features
Water Heater
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick, Stone
Direction Faces
East
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PCL 33-1, SEC M388 ; PT LT 33, PL M388 , PART 1 & 4 , 66R269 , S/T ROW OVER THAT PT OF SAID LT 33 DESIGNATED AS PT 4 AFORESAID; T/W ROW OVER THAT PT OF LTS 33 AND 32 PL M388 DESIGNATED AS PT 3 66R269 ; SCARBOROUGH , CITY OF TORONTO
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Second | Living Room | 5.23 x 4.34 Meters | |
| Second | Dining Room | ||
| Second | Kitchen | 3.68 x 3.1 Meters | |
| Second | Bedroom | 3.56 x 3.25 Meters | |
| Second | Bedroom 2 | 115 x 3.25 Meters | |
| Main | Living Room | 5.23 x 4.37 Meters | |
| Main | Dining Room | ||
| Main | Kitchen | 3.43 x 3.3 Meters | |
| Main | Bedroom | 3.56 x 3.25 Meters | |
| Main | Bedroom 2 | 3.25 x 2.9 Meters | |
| Basement | Living Room | 5.21 x 3.15 Meters | |
| Basement | Dining Room | ||
| Basement | Kitchen | 4.57 x 2.79 Meters | |
| Basement | Bedroom | 3.63 x 3.33 Meters | |
| Basement | Utility Room | 139 x 3.33 Meters |