An entire Toronto townhouse complex just went up for sale for $15 million

Plenty of Toronto apartment buildings have been going up for sale lately, but it's not every day an entire townhouse complex hits the market.

Now, a fully occupied complex at 345 The East Mall in Etobicoke has been listed for a cool $14,999,999.

The property isn't just a handful of rental units either. It consists of 34 townhouses spread across roughly two acres of land in one of Etobicoke's busiest corridors.

The outside of the townhouses. 

Every unit in the complex is a three-bedroom townhouse with its own full basement, some of which are already finished.

Inside one of the townhomes. 

Are they the most glamorous townhouses? Absolutely not. They're a little worn, definitely dated, and could use some serious TLC.

The kitchen inside a townhouse. 

But put another way, you're getting 34 houses for about half the price of what comparable townhomes in the area would typically sell for individually.

A basement in one of the townhomes. 

Each home is also individually metered, helping keep operating costs relatively straightforward for the owner.

The main lobby of 345 The East Mall. 

The numbers alone make the listing stand out. Along with the 34 rental units, the property includes 56 parking spaces and, perhaps most importantly for investors, it's currently fully occupied with zero vacancies.

According to the listing, the complex has maintained 100 per cent occupancy, highlighting the continued demand for family-sized rental housing in Toronto.

An aerial view of the neighbourhood. 

Location is another major selling point.

Situated beside Highway 427, the complex offers quick access to the Gardiner Expressway, QEW and Highway 401, while sitting just minutes from Sherway Gardens, Pearson International Airport and a range of transit options.

The outdoor space of one of the homes. 

The surrounding neighbourhood has also changed dramatically in recent years, with numerous high-rise developments reshaping the area and adding even more density.

A view of the roofs and parking spaces. 

While many investment properties require significant renovations or repositioning, this one is being marketed as a low-maintenance asset with immediate rental income and room to grow that income over time.

A hallway inside 345 The East Mall. 

Of course, a nearly $15 million asking price means this isn't aimed at your average homebuyer.

A bedroom with hardwood floors in one of the homes. 

Instead, it's the sort of listing likely to attract institutional investors or deep-pocketed buyers looking for a stable, income-producing property with long-term appreciation potential.

The back of the property.

And with major developments like Valhalla Village bringing thousands of new residents to the neighbourhood, it's easy to see why investors would be interested in securing a large piece of land here.

The view of 345 The East Mall from the street. 

Either way, it's certainly not every day you see an entire 34-unit townhouse community in Toronto hit the market.