137 Newlands AVE, Toronto E04, ON M1L 1S2
137 Newlands AVE, Toronto E04, ON M1L 1S2
137 Newlands AVE, Toronto E04, ON M1L 1S2
137 Newlands AVE, Toronto E04, ON M1L 1S2
137 Newlands AVE, Toronto E04, ON M1L 1S2
137 Newlands AVE, Toronto E04, ON M1L 1S2
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Tony & Ledi Real Estate Team

Tony & Ledi Real Estate Team

+1(647) 493-3579
$ 749,000
Est. payment | /mo

5 Beds

3 Baths

Save
$ 749,000
Est. payment | /mo
Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Semi-Detached

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 700-1100

Municipality Toronto E04

Subdivision Clairlea-Birchmount

MLS Listing ID E13083958

Style Bungalow

Bedrooms 5

Annual Tax Amount $3,548

Tax Year 2025

Property Sub-Type Semi-Detached

Property Description

Rare opportunity to own a multi-unit property in a highly desirable Scarborough neighbourhood, offering exceptional potential for investors, first-time buyers, and savvy purchasers looking to offset their mortgage with rental income. This versatile semi detached bungalow located a walk to transit and all amenities features a spacious 3-bedroom main level, ideal for owner occupancy, plus two separate basement units-one with a full kitchen and one with a kitchenette-creating strong income-generating potential through basement rentals or flexible multi-generational living options. For investors, the layout presents an attractive multi-income opportunity; for first-time buyers, it offers the chance to live comfortably upstairs while generating supplemental income below. Recent improvements include carpet removal, professionally sanded and stained hardwood floors (April 2026), and fresh paint on the main floor, (April 2026) providing a clean canvas for your finishing touches. Ideally located within walking distance to TTC, steps to schools, parks, and community amenities, just 5 minutes to Warden Station, approximately 3 km to GO Transit, and close to the future Eglinton Crosstown LRT, with shopping, restaurants, and trails all nearby in this established family-oriented community. Previous tenants paid $2,102/month for the main floor unit, while the basement units each rented for $820/month, highlighting the property's proven income potential.While the property is in move in condition the sellers make no representations or warranties on any chattels, fixtures or appliances . The home will be sold in as is condition.

Location

Province ON

County Toronto

Community Toronto E04

Area Toronto

Rooms

Family Room No

Basement Apartment, Finished

Main Level Bedrooms 2

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Other

Cooling Central Air

Inclusions All Existing Appliances in Working Condition Being Sold As Is. Metal Roof Installed By Previous Owners.

Exterior

Parking Features Private

Pool None

Roof Type Metal

Lot Frontage 30.5

Lot Depth 100.0

Total Parking Spaces 3

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by RE/MAX KEY2 REAL ESTATE

Schools and Properties Nearby

Tony & Ledi Real Estate Team

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

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137 Newlands AVE