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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 1,098,000

Est. payment | -/mo

3 Beds

3 Baths

Save

$ 1,098,000

Est. payment | -/mo

Save

3 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Semi-Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Municipality Toronto W03

Subdivision Corso Italia-Davenport

MLS Listing ID W13037972

Style 2 1/2 Storey

Bedrooms 3

Annual Tax Amount $4,396

Tax Year 2025

Property Sub-Type Semi-Detached

Property Description

Fabulous Income-generating opportunity at 1383 Lansdowne Avenue. This well-maintained, turn-key semi offers two units, both currently tenanted, providing immediate and stable rental income. The upper unit features 2 bedrooms and 1 bathroom and is leased for $2,600/month on a month-to-month basis. The main floor and lower level offer a spacious 1-bedroom, 2-bathroom unit, leased for $2,500/month with a fixed term until October 31, 2026. Tenants pay utilities, with each unit responsible for 50% of hydro, gas, and City of Toronto utilities. Significant updates enhance both functionality and long-term value. Property improvements include 200-amp electrical service, basement waterproofing along three exterior walls, and installation of a sump pump and backwater valve. Additional updates include roof shingles (2018), furnace (2019, owned), A/C (2022), upgraded windows (2016) and insulation/soundproofing in the basement ceiling. Both units are equipped with their own laundry. An ideal property for investors seeking strong cash flow in a central Toronto location, or for end-users looking to live in one unit while generating rental income from the other or convert to a single-family home.

Location

Province ON

County Toronto

Community Toronto W03

Area Toronto

Rooms

Family Room No

Basement Finished with Walk-Out

Kitchen 2

Interior

Interior Features Water Heater

Cooling Central Air

Inclusions Main unit includes stainless steel appliances (fridge, stove, dishwasher, microwave), upper unit fridge, stove, hood, fan, washer and dryer. All electrical light fixtures currently on the property, all window coverings currently on the property.

Exterior

Parking Features None

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 19.08

Lot Depth 110.0

Building

Building Age 100+

Foundation Unknown

Others

Senior Community No

ParcelsYN No

Listed by CHESTNUT PARK REAL ESTATE LIMITED

Schools and Properties Nearby

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+1(647) 493-3579

info@tonyledi.com

CAN

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1383 Lansdowne AVE Toronto W03, ON M6H 3Z9