740 Lansdowne Avenue, Toronto, ON M6H 3Y8

$1,299,000
6
BD
3
BA
1,100
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,299,000
MLS#
W13755698
Status
ACTIVE
Type
Multifamily
SubType
Triplex
Style
2-Storey
Bedrooms
6
Bathrooms
3
Living Area
1100-1500
Province
ON
Municipality
Toronto
Area
Toronto
Neighborhood
Dovercourt-Wallace Emerson-Junction
Subdivision
Lansdowne Avenue And Lappin Avenue

Property Description

Legal triplex located in the Junction-Wallace pocket of West Toronto. Take advantage of this well-maintained and vacant property to place new market-rent-paying tenants with the potential to earn over 7% on invested capital. Walking distance to Lansdowne Station and the Bloordale Village, and a walk score of 91, makes this legal triplex easy to rent. This well-maintained property comprises three two-bedroom units featuring bright interiors, hardwood flooring, private entrances, access to a rear yard, a new roof, and a new furnace. With no existing tenancies, the property offers a true blank slate for leasing at current market rents, repositioning through upgrades, or holding as a turnkey income asset. Located in a well-connected area with exceptional walkability to shops, restaurants, community centres, and schools, the property benefits from strong and consistent tenant demand. This unique investment opportunity is ideal for investors seeking reliable rental cash flow, long-termstability, and portfolio diversification. The seller is a Registered Real Estate Agent (RREA).

Additional Information

Taxes
$5,022
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Kitchens
3
Exterior
Brick
Garage Type
None
Pool
None
Parking Spaces
1
Parking Type
Available

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD..