740 Lansdowne Avenue
Dovercourt-Wallace Emerson-Junction, Toronto, M6H 3Y8
FOR SALE
$1,399,000
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4 + 2
BEDROOMS3
BATHROOMS2 + 1
KITCHENS10 + 5
ROOMSW12773252
MLSIDContact Us
Property 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 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, and access to a rear yard. 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-term stability, and portfolio diversification. Seller is a Registered Real Estate Agent (RREA).
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Nearby Intersections
Property Features
Hospital, Park, Public Transit, Rec./Commun.Centre, School, Carpet Free, Sump Pump, Water Meter, Available
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Property Details
Address
740 Lansdowne Avenue
Community
City
Postal Code
M6H 3Y8
Property Type
Triplex, Triplex
Zoning
R(d0.6*740)
Lot Size
25' x 45'
Acreage
1,206.0 Feet
Taxes
$5,022 (2025
Basement
Apartment
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Royal Lepage Real Estate Services Ltd.
Amazing Opportunity To Own This Solid Legal Triplex In Prime Location Situated On A Quiet Street Next To Schools & Parks. This Incredible Detached Property Offers 3 Self Contained Apartments W/ 4 Separate Hydro Meters. Main level updated kitchen with quartz countertop. Main and 2nd floor - new subfloor and vinyl plank flooring incl kitchen updated in 2019. Basement unit renovated 2019. All units Electrical panel upgraded to breaker (2019-2020). Excellent for Investors. 3 Car Parking Spaces With Mutual Drive. Close Proximity To New Eglinton Subway Line.
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Solid Triplex in prime Leslieville location! 3 units are tenanted. All tenants are on month-to-month basis. Cooperative tenants would love to stay. Great property for for investors. Each unit has 2 bedrooms with fantastic floor plan. Ensuite laundry in 2 units. Upper units boasts a front balcony overlooking Queen St E. Terrific amenities nearby, walk to the Beach, Woodbine Park, Ashbridge's Bay. New condo development across from property is a bonus. This demand neighbourhood continues to grow and improve. 24-hr streetcar service at doorstep. One bus to subway. Minutes to downtown. Good location for tenants, a strong property to invest in. Easy to manage. No photos as units are tenanted.
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