740 Lansdowne Avenue,Toronto (Dovercourt-Wallace Emer, ON M6H3Y8
Toronto (Dovercourt-Wallace Emer, ON M6H3Y8
Description
Legal triplex located in the Junction-Wallace pocket of West Toronto. Take advantage of this well-maintained and vacant property to place new market-rent-paying tenants with the potential to earn over 7% on invested capital. Walking distance to Lansdowne Station and the Bloordale Village, and a walk score of 91, makes this legal triplex easy to rent. This well-maintained property comprises three two-bedroom units featuring bright interiors, hardwood flooring, private entrances, access to a rear yard, a new roof, and a new furnace. With no existing tenancies, the property offers a true blank slate for leasing at current market rents, repositioning through upgrades, or holding as a turnkey income asset. Located in a well-connected area with exceptional walkability to shops, restaurants, community centres, and schools, the property benefits from strong and consistent tenant demand. This unique investment opportunity is ideal for investors seeking reliable rental cash flow, long-termstability, and portfolio diversification. The seller is a Registered Real Estate Agent (RREA). (id:13843)
Details
| MLS # | W13755698 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 64 |
| Listing Provided By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. | IAN WILSON |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,100 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Water meter |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Carpet Free, Sump Pump |
|---|---|
| Foundation Details | Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 1 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5022.22 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Toronto (Dovercourt-Wallace Emer |
| Postal Code | M6H3Y8 |
| Listing VS Median (in M6H3Y8) | |
Price: $1,299,000 low | high Med: $1,299,000 sqft: 1,100 low | high Med: 1,229 $ / sqft: $1,181 low | high Med: $1,069 On site: 64 low | high Med: 63 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (Dovercourt-Wallace Emer |
| Postal Code | M6H3Y8 |
| Listing VS Median (in M6H3Y8) | |
Price: $1,299,000 low | high Med: $1,299,000 sqft: 1,100 low | high Med: 1,229 $ / sqft: $1,181 low | high Med: $1,069 On site: 64 low | high Med: 63 | |
