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About the Listing 044700 -
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.
Listing Highlights
Status
Active
Days on Site
84
Property Type
Residential
MLS ®
W13037972
Year Built
Total Square Footage
1,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished with Walk-Out
- Other: Water Heater,2 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others: Library,Park,Place Of Worship,Public Transit,Rec./Commun.Centre,Fenced Yard
- Sewer: Sewer
- Parking Features: No Garage
Financial Details
- Tax Amount: $4,396
- Taxes w/Assessments: N/A
- Tax/Property ID: 213240085
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
1383 Lansdowne Ave Toronto, ON M6H 3Z9
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