$1,275,000
For sale: Multiplex

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.
Sold data
Multiplex homes in Toronto (Birchcliffe-Cliffside) took a median of 19 days to sell over the last 90 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 40, across 39 recorded sales.
The median sale price was $1,389,000.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 23% of sales closed above the list price.
Around 13% of sellers reduced their price before finding a buyer.
Based on 39 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Birchcliffe-Cliffside) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$1,599,000
Multiplex80 LANARK AVENUE, Oakwood Village, Toronto

$1,599,000
Multiplex82 LANARK AVENUE, Oakwood Village, Toronto

$1,300,000
Multiplex6 CARRINGTON AVENUE, Caledonia-Fairbank, Toronto

$1,199,999
Semi-Detached/Link19 PICOLA COURT, Hillcrest Village, Toronto

$1,349,900
Detached93 OLIVEWOOD DRIVE, Middlefield, Markham

$1,185,000
Detached62 SECROFT CRESCENT, Black Creek, Toronto

$995,000
Detached24 LALTON PLACE, Guildwood, Toronto

$1,448,000
Detached75 RANGOON ROAD, Eringate-Centennial-West Deane, Toronto