$1,099,000
Est. payment $4,866/moCalculate yours
241 Langley Avenue, Toronto, ON M4K 1C1
North Riverdale, Toronto, ON M4K 1C1
- 3 Beds
- 4 Baths
- 1,500 Sq Ft
Listing courtesy of SAGE REAL ESTATE LIMITED MLS® E13819058
About this home
**North Riverdale Three-Unit Property with Parking & 135′ Deep Lot.** A rare opportunity to own a versatile three-unit property in one of Toronto’s most established neighborhoods. This classic 2.5-storey semi-detached home offers a spacious one-bedroom main-floor/basement suite with a beautifully renovated kitchen and excellent overall condition, plus two additional one-bedroom apartments above. The upper suites are occupied by month-to-month tenants who would like to remain, providing immediate rental continuity and future opportunity to upgrade. The outdoor space is a standout feature. The main-floor suite enjoys private access to a beautifully landscaped, fully fenced rear yard with mature greenery, multiple decks and plenty of room to relax, entertain or simply escape the city adding a lifestyle component not often found on an income property. The upper suites also enjoy their own decks, while parking at the rear adds practicality and value. Most major mechanical systems have been updated within the past 10 years. The partially finished basement provides additional storage, living and utility space for the main-floor suite, along with laundry and an additional 2-piece bathroom. The main-floor/basement suite is currently owner-occupied. An ideal opportunity for investors, multigenerational buyers, or those looking to live in one unit while generating income from the others. And then there’s the neighborhood. Riverdale Park, local shops, restaurants, cafes and everyday amenities are all close at hand. Major subway infrastructure construction is underway nearby and will bring enhanced transit options and connectivity to the area upon completion. A versatile three unit property with parking , a 135′ deep lot, established tenants and genuine income potential.
Property details
Overview
- Property Type
- Triplex
- Style
- 2 1/2 Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 100+
- Size
- 1,500 sqft
Interior
- Bedrooms
- 3
- Bathrooms
- 4
- Kitchens
- 3
- Basement
- Partially Finished, Walk-Out, Walk-Up
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Wall Unit(s)
- Exterior
- Aluminum Siding, Brick
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 17.21 x 135.5 Feet
- Parking
- None garage · 1 total
Financial
- Property Taxes
- $6,798 (2026)
Location
- Neighbourhood
- North Riverdale
- Cross Street
- Langley/Pape Ave
- Direction Faces
- South
Listing
- MLS® Number
- E13819058
- Days on Market
- 27
- Listed On
- 2026-09-21
- Possession
- Flexible
- Listed By
- SAGE REAL ESTATE LIMITED
Rooms
Features
Interior
- Primary Bedroom - Main Floor
- Storage Area Lockers
- Water Heater
Property
- Park
- Ravine
- Public Transit
Pool
- None
- Included
- Unit 1: Fridge, Stove, Dishwasher, Microwave/Hoodvent, Washer&Dryer, Unit 2: Fridge, Stove, Dishwasher. Unit 3: Fridge, Stove. GB&E. Parking @ Rear off of Laneway.
- Excluded
- Unit 2: Window Air Conditioner and Freezer (Belongs to Tenant)
- Rental items
- Tosot Heat Pump & Equipment for Main Floor, Hot Water Tank
Mortgage calculator
Estimated mortgage payment
$4,866 per month
- Principal and interest
- $4,866
- Property tax
- $567
- Condo fees
- $0
- Estimated monthly cost
- $5,433
Your mortgage
- Mortgage amount
- $879,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $580,640
Cash to close
- Down payment
- $219,800
- Land transfer tax (Ontario + Toronto)
- $36,910
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $256,710
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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