Overview
|Description
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, tenant is leaving July 31st. 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.
Additional Details
- Roof: Asphalt Shingle
- Sewer: Sewer
- Cooling: Central Air
- County: Toronto
- Property Type: Residential
- Pool: None
- Parking: None
- Architectural Style: 2 1/2 Storey
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