$1,098,000Asking Price
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.
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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Foyer | Main | 11.75' x 3.74' | Tile Floor, Walkout To Porch |
| 2 | Kitchen | Main | 11.32' x 14.50' | Tile Floor, Stainless Steel Appliances |
| 3 | Bathroom | Main | 3.25' x 6.27' | 2-PieceBath, Tile Floor |
| 4 | Laundry | Lower | 15.85' x 8.83' | Laundry Sink, Walkout To Yard, Pot Lights |
| 5 | Bathroom | Lower | 4.82' x 7.35' | 4-PieceBath, Tile Floor |
| 1 2-Piece Bathroom on Main Floor | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
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Earlscourt - Corso Italia, Toronto is a central Toronto neighbourhood notable for its salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from Italy and Portugal, and Italian, Spanish and Portuguese speakers. Residents tend to be older with a significant number of adults aged 30 to 59.
Kids Per Family
1.2
kids per family
in the neighbourhood.
48%
of residents are
single and loving it.
48% singles
Toronto (50%)
32%
of residents
are renters.
32% renters
Toronto (47%)
30%
of residents are
university grads.
30% university grads
Toronto (48%)Average Household Income
$107K
is the average household
income in the neighbourhood.
Professions
| Sales | 17% |
| Trades | 13% |
| Business | 8% |
| Government | 8% |
| Management | 6% |
48%
of residents were
born outside of Canada.
48% immigrants
Toronto (48%)15.6% from Portugal
All-time
0.4% from Other South America
Recent
Foreign Languages
| Portuguese | 23% |
| Italian | 9% |
| Spanish | 8% |
| Vietnamese | 2% |
| Tagalog | 2% |
Religions
| Christian | 73% |
| Buddhist | 4% |
| Muslim | 2% |
| Hindu | 2% |
| Jewish | 1% |
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
1
Homeless shelters in
the neighbourhood.