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

$ 1,098,000

Est. payment | -/mo

3 Beds

3 Baths

1,500 SqFt

Save

$ 1,098,000

Est. payment | -/mo

Save

3 Beds

3 Baths

1,500 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $732

Subdivision Corso Italia-Davenport

MLS® Listing ID W13037972

Bedrooms 3

Half Baths 1

Property Sub-Type Freehold

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, tenant is leaving July 31st. 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. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 3.68 m X 2.97 m Kitchen

Extra Room 2 Second level 4.52 m X 3.43 m Living room

Extra Room 3 Second level 2.56 m X 1.57 m Bathroom

Extra Room 4 Second level 3.91 m X 4.52 m Bedroom

Extra Room 5 Third level 4.52 m X 5.84 m Bedroom 2

Extra Room 6 Lower level 3.45 m X 4.27 m Bedroom

Interior

Heating Forced air

Cooling Central air conditioning

Flooring Tile, Hardwood, Vinyl

Exterior

Parking Features No

Fence Fenced yard

Community Features Community Centre

View Y/N Yes

View City view

Attached Garage No

Garage No

Private Pool No

Building

Story 2.5

Sewer Sanitary sewer

Others

Ownership Freehold

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 AVENUE Toronto (corso Italia-davenport), ON M6H3Z9