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    For Sale - 137 Newlands Avenue, Toronto, Ontario

    Est payment $3,597/mo
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    Views   1
    Time on Jump  8 day

    AI Summary *

    • Multi-unit property in a desirable Scarborough neighbourhood with strong income potential.
    • Spacious 3-bedroom main level ideal for owner occupancy or comfortable living.
    • Two separate basement units offer options for rentals or multi-generational living.
    • Recent updates include hardwood floors and fresh paint for a clean canvas.
    • Conveniently located near transit, schools, parks, and community amenities.




    Rare opportunity to own a multi-unit property in a highly desirable scarborough neighbourhood, offering exceptional potential for investors, first-time buyers, and savvy purchasers looking to offset their mortgage with rental income. This versatile semi detached bungalow located a walk to transit and all amenities features a spacious 3-bedroom main level, ideal for owner occupancy, plus two separate basement units-one with a full kitchen and one with a kitchenette-creating strong income-generating potential through basement rentals or flexible multi-generational living options. For investors, the layout presents an attractive multi-income opportunity; for first-time buyers, it offers the chance to live comfortably upstairs while generating supplemental income below. Recent improvements include carpet removal, professionally sanded and stained hardwood floors (april 2026), and fresh paint on the main floor, (april 2026) providing a clean canvas for your finishing touches. Ideally located within walking distance to ttc, steps to schools, parks, and community amenities, just 5 minutes to warden station, approximately 3 km to go transit, and close to the future eglinton crosstown lrt, with shopping, restaurants, and trails all nearby in this established family-oriented community. Previous tenants paid $2,102/month for the main floor unit, while the basement units each rented for $820/month, highlighting the property's proven income potential. While the property is in move in condition the sellers make no representations or warranties on any chattels, fixtures or appliances . The home will be sold in as is condition.
    Listing IDE13083958
    Address137 Newlands Avenue
    CityToronto, Ontario
    Price$749,000
    Bed / Bath5 / 3 Full
    StyleBungalow, Semi-Detached
    ConstructionStone
    TypeResidential
    StatusFor Sale

    Subtype Semi-Detached Indoor Features OtherAmenities Fenced Yard, Library, Park, Public Transit, SchoolOwnership FreeholdBasement Apartment, FinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Agency:  RE/MAX KEY2 REAL ESTATE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    137 Newlands Avenue
    Toronto , Ontario
    5 3 $749,000
    Get more info