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    For Sale - 449 Lansdowne Avenue, Toronto, Ontario

    Est payment $16,797/mo
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    Views   1
    Time on Jump  27 day

    AI Summary *

    • Fully renovated fourplex with modern finishes and separate entrances for each unit.
    • Diverse unit sizes, catering to various tenant needs for income potential.
    • All units come with stainless steel appliances and in-suite washer/dryer.
    • Strong investment potential with stable long-term tenants and room for rent increases.
    • Great location near amenities, transit, and schools for convenient living.




    Exceptional opportunity to own a legal fourplex offering four fully self-contained, fully renovated units with modern finishes throughout-ideal for investors or end-users seeking strong income potential. The property features a main floor unit (3 bed, 1 bath, ~768 sq ft), upper unit (3 bed, 3 bath incl. 1 powder, ~1,307 sq ft), basement unit (2 bed, ~823 sq ft with multiple windows), and a laneway suite (3 bed,480 sq ft). Each unit offers separate entrances and private living space, enhancing functionality and privacy. All suites are updated with stainless steel appliances, stylish backsplashes, and in-suite washer/dryer, providing turnkey, low-maintenance living across all units. Strong investment fundamentals with an estimated cap rate of approximately 4. 1%, with upside potential through rent increases in select units and the opportunity to capture higher market rents as tenancies turn over or new tenants are placed. 4 of 4 units are currently occupied with long-term, quality tenants paying at or slightly above market rent, providing stable in-place income. There is additional upside through future rent increases as well as potential turnover opportunities to reposition select units to higher market rents. The property may also offer flexibility for short-term rental use in certain units, subject to local regulations and buyer strategy. Each unit has hydro separately metered, while gas and water are split proportionately between units. Internet is the responsibility of each tenant and paid separately, supporting flexible and tenant-managed utility arrangements throughout the property. Parking potential exists on-site with the ability to create dedicated spaces, plus city of toronto street parking used by some tenants. Conveniently located near dufferin mall, high park, schools, groceries, and everyday amenities, with easy access to ttc and bloor go station for easy commuting.
    Listing IDC13198660
    Address449 Lansdowne Avenue
    CityToronto, Ontario
    Price$3,498,000
    Bed / Bath11 / 8 Full
    Style2-Storey, Fourplex
    ConstructionBrick, Wood
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Carpet FreeOwnership FreeholdBasement Apartment, Separate Entrance, FinishedFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  RE/MAX METROPOLIS REALTY

    * 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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    449 Lansdowne Avenue
    Toronto , Ontario
    11 8 $3,498,000
    Get more info