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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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$749,000
Available - For Sale
Listing ID: E13083958
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.
Price $749,000
Taxes: $3,548
Occupancy by: Vacant
Address: 137 Newlands Avenue , Toronto, M1L 1S2, Toronto
Directions/Cross Streets: Birchmount/Stclair/Danforth
Rooms: 6
Rooms +: 3
Bedrooms: 3
Bedrooms +: 2
Washrooms: 3
Family Room: F
Basement: Apartment
Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 22.30 11.48 W/O To Patio, Large Window, Overlooks Frontyard
Room 2: Main Dining Ro 22.30 11.48 Combined w/Living
Room 3: Main Kitchen 17.15 10.23 Granite Counters, Eat-in Kitchen, Window
Room 4: Main Primary B 12.53 10.27 Window, Large Closet
Room 5: Main Bedroom 2 12.63 9.35 Overlooks Backyard, Large Closet
Room 6: Main Bedroom 3 9.84 9.45 Overlooks Backyard, Large Closet
Room 7: Basement Office 16.40 12.69 2 Pc Bath, Above Grade Window
Room 8: Basement Bedroom 17.38 12.69 4 Pc Bath, Above Grade Window
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Basement
Washroom 3:  3 Basement
Washroom 4:  0
Washroom 5:  0
Property Type: Semi-Detached
Style: Bungalow
Exterior: Stone
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 3
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 700-1100
Property Features: Fenced Yard
Library
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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RE/MAX KEY2 REAL ESTATE

137 Newlands Avenue , Toronto, M1L 1S2, 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 E04
Neighbourhood: Clairlea-Birchmount
Style: Bungalow
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $3,548
Maintenance Fee: $0
Beds: 3+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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