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About the Listing 246900 -
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.
Listing Highlights
Status
Pending
Days on Site
27
Property Type
Residential
MLS ®
E13083958
Year Built
Total Square Footage
700
Lot/Acreage
N/A
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment,Finished
- Other: 2 Kitchens
- Water:
Exterior Details
- Garage Capacity: 1 car
- Roof: Metal
- Others: Fenced Yard,Library,Park,Public Transit,School
- Sewer: Sewer
- Parking Features: Private,No Garage
Financial Details
- Tax Amount: $3,548
- Taxes w/Assessments: N/A
- Tax/Property ID: 064490141
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
137 Newlands Ave Toronto, ON M1L 1S2
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