447 Lansdowne Avenue,Toronto C01, ON M6H 3Y2
Toronto C01, ON M6H 3Y2
Description
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 (2 bed, 2 bath, ~847 sq ft), upper unit (3 bed, 2 full bath + 1 powder, ~1,317 sq ft), basement unit (2 bed, 1 bath, ~908 sq ft with multiple windows), and a laneway suite (3 bed, 2 full bath + 1 powder, ~1,274 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 4.4%, 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. 3 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.
Details
| MLS # | C13198742 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 87 |
| Listing Provided By | RE/MAX METROPOLIS REALTY | C13198742 302700 |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 9 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.08 |
Interior
| Interior Features | Carpet Free |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete Block |
| Construction Materials | Brick, Wood |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 13114 |
|---|---|
| Tax Legal Description | Pt Lt 12 Pl 1084 |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto C01 |
| Postal Code | M6H 3Y2 |
| Area | Dufferin Grove |
| Listing VS Median (in M6H 3Y2) | |
Price: $3,198,000 low | high Med: $0 On site: 87 low | high Med: | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto C01 |
| Postal Code | M6H 3Y2 |
| Area | Dufferin Grove |
| Listing VS Median (in M6H 3Y2) | |
Price: $3,198,000 low | high Med: $0 On site: 87 low | high Med: | |