241 Langley Avenue
North Riverdale, Toronto, M4K 1C1
FOR SALE
$1,099,000
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3
BEDROOMS 4
BATHROOMS 3
KITCHENS 11
ROOMS E13819058
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Property Description
**North Riverdale Three-Unit Property with Parking & 135' Deep Lot.** A rare opportunity to own a versatile three-unit property in one of Toronto's most established neighbourhoods. This classic 2.5-storey semi-detached home offers a spacious one-bedroom main-floor/basement suite with a beautifully renovated kitchen and excellent overall condition, plus two additional one-bedroom apartments above. The upper suites are occupied by month-to-month tenants who would like to remain, providing immediate rental continuity and future opportunity to upgrade. The outdoor space is a standout feature. The main-floor suite enjoys private access to a beautifully landscaped, fully fenced rear yard with mature greenery, multiple decks and plenty of room to relax, entertain or simply escape the city adding a lifestyle component not often found on an income property. The upper suites also enjoy their own decks, while parking at the rear adds practicality and value. Most major mechanical systems have been updated within the past 10 years. The partially finished basement provides additional storage, living and utility space for the main-floor suite, along with laundry and an additional 2-piece bathroom. The main-floor/basement suite is currently owner-occupied. The owner would like to remain and is prepared to discuss a purchase arrangement providing a credit equivalent to two years' rent for the suite, or vacant possession is also an option. An ideal opportunity for investors, multigenerational buyers, or those looking to live in one unit while generating income from the others. And then there's the neighbourhood. Riverdale Park, local shops, restaurants, cafes and everyday amenities are all close at hand. Major subway infrastructure construction is underway nearby and will bring enhanced transit options and connectivity to the area upon completion. A versatile three unit property with parking , a 135' deep lot, established tenants and genuine income potential.
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Nearby Intersections
Property Features
Park, Ravine, Public Transit, Primary Bedroom - Main Floor, Storage Area Lockers, Water Heater, Private
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Property Details
Address
241 Langley Avenue
Community
City
Postal Code
M4K 1C1
Property Type
Triplex, Triplex
Lot Size
17' x 136'
Acreage
2,332.0 Feet
Taxes
$6,798 (2026
Basement
Partially Finished, Walk-Out, Walk-Up
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Sage Real Estate Limited
Turnkey Semi-DetatchedTriplex Investment or Multi-Generational Living Opportunity! Current Annual Rent $61,572. Welcome to this bright and spacious triplex [MPAC] featuring 3 self-contained one-bedroom units, each with its own private entrance. Thoughtfully designed for comfort and functionality, all units feature hardwood flooring throughout and are filled with natural light. Ideal for investors or families. Shared Coin Laundry in Basement. Quiet Street in Vibrant Neighbourhood. Close to TTC (Bloor Station), UP, Rail Path, MOCA, Henderson Brewery, Terroni Sterling, Cafes and shops As well as a short walk to Roncesvalles and High Park. Over 1600 sq Ft of Livable Space on 3 Floors
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Priced to sell. Prime Investment & End-User Opportunity at 705 Vaughan Rd! A rare opportunity to own an easily managed semi-detached triplex in the highly sought-after Oakwood Village neighbourhood! This turnkey, income-generating property features 3 separate self-contained units. Two 1-bedroom units and 1-studio, bright light filled units. This investment offers strong rental demand in a family-friendly area. Central location steps from shops, restaurants, transit (TTC & LRT), making it ideal for both investors and end-users. This is your chance to build generational wealth with a true money maker, a solid multi-unit property in a high-appreciation Toronto West-End neighbourhood. See attachment for operating expenses and rent rolls.
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