1383, Lansdowne, Corso Italia-Davenport, Toronto, Residential Freehold
- 3 beds |
- 3 baths |
- 1500-2000 SQFT
Description
Residential Freehold Semi-Detached For Sale.
Income-generating opportunity at 1383 Lansdowne Avenue. This well-maintained, turnkey semi offers two units. The upper unit features 2 bedrooms and 1 bathroom, currently vacant. The main floor and lower level comprise 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 services. 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. The basement was renovated with new flooring and drywall, creating additional living space and proper separation between units. Additional updates furnace (2019, owned), A/C (2022), upgraded windows (2016, excluding basement and third floor), 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.
Property Features: Park, Public Transit, Place Of Worship, School
Interior Features: Water Heater
Cross Street: Lansdowne & St Clair
Direction Faces: East
Key Facts
- Days on: 0 days
- Mls Status: New
- Bedrooms Total: 3
- Bedrooms Above Grade: 3
- Bathrooms Total Integer: 3
- Lot Width: 19.08
- Kitchens Total: 2
- Parking Features: None, Street Only
- Garage Type: None
- Heat Source: Gas
- Heat Type: Forced Air
- Cooling: Central Air
- Living Area Range: 1500-2000 Square Feet
Location 1383, Lansdowne, Corso Italia-Davenport, Toronto
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