$1,299,000
Est. payment $5,752/moCalculate yours
740 Lansdowne Avenue, Toronto, ON M6H 3Y8
Dovercourt-Wallace Emerson-Junction, Toronto, ON M6H 3Y8
- 4 + 2 Beds
- 3 Baths
- 1,100 Sq Ft
Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD. MLS® W13755698
About this home
Legal triplex located in the Junction-Wallace pocket of West Toronto. Take advantage of this well-maintained and vacant property to place new market-rent-paying tenants with the potential to earn over 7% on invested capital. Walking distance to Lansdowne Station and the Bloordale Village, and a walk score of 91, makes this legal triplex easy to rent. This well-maintained property comprises three two-bedroom units featuring bright interiors, hardwood flooring, private entrances, access to a rear yard, a new roof, and a new furnace. With no existing tenancies, the property offers a true blank slate for leasing at current market rents, repositioning through upgrades, or holding as a turnkey income asset. Located in a well-connected area with exceptional walkability to shops, restaurants, community centres, and schools, the property benefits from strong and consistent tenant demand. This unique investment opportunity is ideal for investors seeking reliable rental cash flow, long-termstability, and portfolio diversification. The seller is a Registered Real Estate Agent (RREA).
Property details
Overview
- Property Type
- Triplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 1,100 sqft
Interior
- Bedrooms
- 4 + 2
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Apartment
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 25 x 45 Feet
- Parking
- None garage · 1 total
Financial
- Property Taxes
- $5,022 (2025)
Location
- Neighbourhood
- Dovercourt-Wallace Emerson-Junction
- Cross Street
- Lansdowne Avenue and Lappin Avenue
- Direction Faces
- West
Listing
- MLS® Number
- W13755698
- Days on Market
- 40
- Listed On
- 2026-09-08
- Possession
- TBA
- Listed By
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Features
Interior
- Carpet Free
- Sump Pump
- Water Meter
Property
- Hospital
- Park
- Public Transit
- Rec./Commun.Centre
- School
Pool
- None
Mortgage calculator
Estimated mortgage payment
$5,752 per month
- Principal and interest
- $5,752
- Property tax
- $419
- Condo fees
- $0
- Estimated monthly cost
- $6,170
Your mortgage
- Mortgage amount
- $1,039,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $686,307
Cash to close
- Down payment
- $259,800
- Land transfer tax (Ontario + Toronto)
- $44,910
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $304,710
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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