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Stuart McKerrow pic stuart.mckerrow@gmail.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. pic 358 Davenport Road, Toronto, Ontario M5R 1K6 pic Office: 416-966-0300 | Fax: 416-966-0080 | Cell: 416-856-6810

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$1,098,000
Available - For Sale
Listing ID: W13037972
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 on a month-to-month basis. 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.
Price $1,098,000
Taxes: $4,396.33
Occupancy by: Tenant
Address: 1383 Lansdowne Avenue , Toronto, M6H 3Z9, Toronto
Directions/Cross Streets: St. Clair Ave W & Lansdowne Ave
Rooms: 8
Rooms +: 2
Bedrooms: 3
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Finished wit
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Foyer 11.74 3.74 Tile Floor, W/O To Porch
Room 2: Main Living Ro 11.68 10.92 Pot Lights, Hardwood Floor, Combined w/Dining
Room 3: Main Dining Ro 14.66 12.07 Hardwood Floor, Bay Window, Combined w/Living
Room 4: Main Kitchen 11.32 14.50 Tile Floor, Stainless Steel Appl
Room 5: Main Bathroom 3.25 6.26 2 Pc Bath, Tile Floor
Room 6: Main Mud Room 7.58 9.58 Tile Floor, W/O To Yard
Room 7: Lower Bedroom 11.32 14.01 Window, Vinyl Floor, Pot Lights
Room 8: Lower Recreatio 14.01 9.15 Window, Vinyl Floor, Pot Lights
Room 9: Lower Laundry 15.84 8.82 Laundry Sink, W/O To Yard, Pot Lights
Room 10: Lower Bathroom 4.82 7.35 4 Pc Bath, Tile Floor
Room 11: Second Kitchen 12.07 9.74 Modern Kitchen, Quartz Counter, Tile Floor
Room 12: Second Living Ro 14.83 11.25 Hardwood Floor, Window, Closet
Room 13: Second Bathroom 8.40 5.15 4 Pc Bath, Tile Floor, Window
Room 14: Second Bedroom 12.82 14.83 Bay Window, Closet, Hardwood Floor
Room 15: Third Bedroom 2 14.83 19.16 Window, W/O To Roof
No. of Pieces Level
Washroom 1:  2 Main
Washroom 2:  4 Basement
Washroom 3:  4 Second
Washroom 4:  0
Washroom 5:  0
Property Type: Semi-Detached
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: None
Drive Parking Spaces: 0
Park #1
Parking Type: None
Park #2
Parking Type: None
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: Library
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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CHESTNUT PARK REAL ESTATE LIMITED

1383 Lansdowne Avenue , Toronto, M6H 3Z9, Toronto

Personal Picture
Stuart McKerrow
Sales Representative
Dir:
416-856-6810
Bus:
416-966-0300
Fax:
416-966-0080

 
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At a Glance:
Type: Freehold - Semi-Detached
Area: Toronto
Municipality: Toronto W03
Neighbourhood: Corso Italia-Davenport
Style: 2 1/2 Storey
Lot Size: x 110.00(Feet)
Approximate Age: 100+
Tax: $4,396.33
Maintenance Fee: $0
Beds: 3
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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