197 Royal York Road – Etobicoke

Property Description

Prime Investment Opportunity in South Etobicoke with Garden Suite Potential

A rare opportunity to own a fully tenanted, turn-key investment property in the heart of Mimico Village—one of South Etobicoke’s most sought-after neighbourhoods. Just steps to the Waterfront Trail, Mimico GO Station, San Remo Bakery, schools, shops, and local parks, this location offers lifestyle and convenience that tenants love.

The property features six self-contained residential units, each occupied by high-quality, AAA tenants. Recent updates include renovated kitchens and baths in most units, refreshed common areas, five separate hydro meters, and efficient building systems—ensuring low operating costs and minimal day-to-day management.

What truly sets this property apart is the untapped potential at the rear of the lot. With the City of Toronto now offering free pre-approved garden suite plans, investors can explore the opportunity to add an additional dwellingand further boost rental income. The expansive lot provides the perfect canvas to expand your portfolio without the heavy lifting of traditional development.

This is an ideal property for investors seeking stable cash flow, strong location fundamentals, and value-add potentialin a thriving urban pocket.