1383 Lansdowne Avenue

About This Property

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, leased for $2,600/month on a month-to-month basis. The main floor and lower level comprise 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 services. Significant updates enhance both functionality and long-term value. Property improvements including 200-amp electrical service, basement waterproofing along three exterior walls, and installation of a sump pump and backwater valve. The basement was renovated with new flooring and drywall, creating additional living space and proper separation between units. Additional updates include roof shingles (2018), furnace (2019, owned), A/C (2022), upgraded windows (2016, excluding basement and third floor), and insulation/soundproofing in the basement ceiling. Both nits 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 single family home.