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$999,000
Toronto
1383 Lansdowne Avenue, Toronto (Corso Italia-Davenport), Ontario, M6H3Z9
This 3-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Listed at $999,000, it is attractively priced about 12% below the $1,137,000 median asking price in Toronto. It has been on the market 17 days, fresher than the Toronto average of 66 days.
Welcome to 1383 Lansdowne Avenue! This well-maintained, turnkey semi-detached home offers two units, providing an excellent opportunity for investors and end-users alike. The vacant upper unit features 2 bedrooms and 1 bathroom, while the spacious main floor and lower-level unit offers 1 bedroom and 2 bathrooms, currently leased for $2,500 per month. Significant improvements add comfort, functionality, and long-term value, including upgraded 200-amp electrical service, exterior basement waterproofing along three walls, a sump pump and backwater valve, and new basement flooring. Additional updates include a furnace (2019, owned), A/C (2022), upgraded windows (2016, excluding basement and third floor), and insulation and soundproofing in the basement ceiling. Both units offer the convenience of in-unit laundry. Ideal for investors seeking rental income or end-users who want the flexibility to live in one unit while renting the other, with the option to convert back to a single-family home. A versatile opportunity in a convenient, central Toronto location! Enjoy easy access to the shops, cafés, and restaurants along St. Clair Avenue, a short walk to Earlscourt Park, and convenient TTC connections. Street parking permits are available through the City of Toronto. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 17 days on market, against an average age of 66 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 3-bed single family in Toronto (Corso Italia-Davenport) has been listed for 17 days, which is 49 days fresher than the city average of 66. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $999,000, about 12.0× the local median household income of $83,000.
Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 135% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6H)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.