$1,098,000
Available - For Sale
Listing ID: W13037972
1383 Lansdowne Avenue , Toronto, M6H 3Z9, Toronto
| 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: | $4396.33 |
| Occupancy: | 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 |
| 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 | 14.5 | 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 | 8.4 | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 2 | Main |
| Washroom Type 2 | 4 | Basement |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| 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 |
|
|
Reza Peyvandi
Broker, ABR, SRS, RENE
Dir:
416-230-0202
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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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 |
| Approximate Age: | 100+ |
| Tax: | $4,396.33 |
| Beds: | 3 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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