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.
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Semi-Detached
Home Style:
2 1/2 Storey
Approx. Age:
100+
Total Approx Floor Area:
1500-2000
Lot Depth:
110'33.5 m
Lot Frontage:
19'1"5.82 m
Direction Faces:
East
Bedrooms:
3
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
2
Bedrooms Above Grade:
3
Kitchens Above Grade:
2
Rooms Above Grade:
8
Rooms Below Grade:
2
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Unknown
Roof:
Asphalt Shingle
Basement:
Finished with Walk-Out
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Family Room:
No
Possession Details:
Flex
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$4,396.33 /
2025
Assessment:
$- /
-
Toronto
Toronto W03
Corso Italia-Davenport
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, Fenced Yard
Water Heater
Hot water heater (2025) $27.66/month
Main unit includes stainless steel appliances (fridge, stove, dishwasher, microwave), upper unit fridge, stove, hood, fan, washer and dryer. All electrical light fixtures currently on the property, all window coverings currently on the property.
Data was last updated April 23, 2026 at 11:15 PM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$998,000
Min list price:
$636,000
Max list price:
$1,795,000
Avg days on market:
35
Min days on market:
1
Max days on market:
316
These statistics are generated based on the current listing's property type
and located in
Toronto W03. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.