Toronto W03 M6H 3Z9 Ontario
MLS: W13037972
Added 25 minutes ago | For Sale
Listed by: CHESTNUT PARK REAL ESTATE LIMITED
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.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Foyer | Tile Floor, W/O To Porch | 11 ft, 9 in x 3 ft, 9 in |
| Living Room | Pot Lights, Hardwood Floor, Combined w/Dining | 11 ft, 8 in x 10 ft, 11 in | |
| Dining Room | Hardwood Floor, Bay Window, Combined w/Living | 14 ft, 8 in x 12 ft, 1 in | |
| Kitchen | Tile Floor, Stainless Steel Appl | 11 ft, 4 in x 14 ft, 6 in | |
| Bathroom | 2 Pc Bath, Tile Floor | 3 ft, 3 in x 6 ft, 3 in | |
| Mud Room | Tile Floor, W/O To Yard | 7 ft, 7 in x 9 ft, 7 in | |
| Second | Kitchen | Modern Kitchen, Quartz Counter, Tile Floor | 12 ft, 1 in x 9 ft, 9 in |
| Living Room | Hardwood Floor, Window, Closet | 14 ft, 10 in x 11 ft, 3 in | |
| Bathroom | 4 Pc Bath, Tile Floor, Window | 8 ft, 5 in x 5 ft, 2 in | |
| Bedroom | Bay Window, Closet, Hardwood Floor | 12 ft, 10 in x 14 ft, 10 in | |
| Third | Bedroom 2 | Window, W/O To Roof | 14 ft, 10 in x 19 ft, 2 in |
| Lower | Bedroom | Window, Vinyl Floor, Pot Lights | 11 ft, 4 in x 14 ft |
| Recreation | Window, Vinyl Floor, Pot Lights | 14 ft x 9 ft, 2 in | |
| Laundry | Laundry Sink, W/O To Yard, Pot Lights | 15 ft, 10 in x 8 ft, 10 in | |
| Bathroom | 4 Pc Bath, Tile Floor | 4 ft, 10 in x 7 ft, 4 in |
No property rooms available.
