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Investment signal

$1,098,000

1383 LANSDOWNE AVENUE

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Beds

Baths

3 full + 1 half

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Corso Italia-Davenport). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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 on a month-to-month basis. 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. (id:65958)

Subtype: Single Family
Structure: House
Community: Corso Italia-Davenport
Common interest: Freehold
Lot dimensions: 19.1 x 110 FT
Bedrooms: 3 above grade
Parking: 0 total
Stories: 2.5
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $4,396.33
Photos: 37
MLS#: W13037972
Area: TORONTO_(CORSO_ITALIA-DAVENPORT)

Features and systems

Parking

No Garage

Basement

FinishedWalk outN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveWindow CoveringsWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

TileHardwoodVinyl

Foundation

Unknown

Community

Community Centre

View

City view

Negative cash flow ~$1,181/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.46%

Cap rate

3.57%

GRM

16.6

Break-even rent

$6,744

Financing

Down payment$219,600

Loan amount$878,400

Mortgage$4,451/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$503

Insurance$80

Maintenance$915

CapEx reserve$458

Vacancy loss$275

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,451/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.