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55 Thirty Eighth Street
Long Branch Toronto M8W 3M2

$2,250,000 /For Sale
Commercial

Main Photo: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 1: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 2: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 3: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 4: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 5: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 6: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 7: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
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Photo 10: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
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Photo 13: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 14: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 15: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 16: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 17: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 18: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 19: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 20: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 21: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 22: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Photo 23: 55 Thirty Eighth Street in Toronto: Long Branch Commercial for sale (Toronto W06)  : MLS®# W13093490
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W13093490
Bus Major:
Apts - 2 To 5 Units
An exceptional multiplex opportunity in the highly sought-after Long Branch community of Etobicoke, just steps from Marie Curtis Park and the shores of Lake Ontario. This well-maintained property, on a 50' x 137' lot, features five spacious units, including four one-bedroom apartments and one expansive three-bedroom suite. All four one-bedroom units are tenanted at market rents, offering immediate, stable income. The impressive three-bedroom unit-approximately 1,500 sq ft-is currently vacant, providing flexibility for owner occupancy or the opportunity for a new buyer to lease at top market value. The building offers separately metered hydro for four of the five units, helping streamline expenses and management. Each unit has been beautifully renovated with generous layouts that appeal to quality tenants. Additional income potential comes on site laundry in the lower level and from a detached four-car garage, ideal for indoor parking rentals, along with four exterior parking spaces-eight in total. Located in a prime lakeside neighbourhood with strong rental demand, this is a turnkey investment with upside potential and long-term value.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
3168 sq. ft. Square Feet
Total Area:
3,168 sq. ft.
Lot Depth:
136'6"
Lot Frontage:
50'
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
RD(f12;a370;d0.35)
Heating type:
Radiant
Survey Available:
No
Garage:
Covered
Parking Spaces:
8
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$8,393 / 2025
Assessment:
$- / 2025
Toronto
Toronto W06
Long Branch
Coinamatic washer and dryer
All kitchen appliances, 4 hardwired security cameras (hardware only) 3 exterior and 1 interior, all interior and exterior lighting (not owned by tenants), any window coverings (not owned by tenants)
All tenant belongings
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
May 06, 2026
Original Price:
Previous Price:
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Listed by STONECASTLE REALTY GROUP INC.
Data was last updated May 7, 2026 at 06:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

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  • Opportunity to increase property value through renovations and upgrades
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When evaluating apartment buildings for sale, consider:

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  • Current rental income and future appreciation potential

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.