1383 Lansdowne Avenue, Toronto, ONM6H 3Z9
Monthly Cost
Property Information
Listing History
Shows activity for this MLS® listing. Prior listings and sold records appear when available.
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.
Location
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A snapshot of this home’s immediate area — the census dissemination area it sits in.
- 64%
- Homeowners
- 61%
- Households with kids
- $92,000
- Median income
- 40
- Median age
- 2.5
- Avg. household size
- 48%
- University degree
- 37%
- Newcomers (immigrants)
StatCan 2021 Census · this home’s dissemination area (DA 35201158). Values are randomly rounded by Statistics Canada for privacy.
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Show data source & legal disclosures
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