PROPERTY DETAILS

137 Newlands Avenue,

Toronto, Ontario M1L 1S2

$749,000
3+2
3
3

Rare opportunity to own a multi-unit property in a highly desirable Scarborough neighbourhood, offering exceptional potential for investors, first-time buyers, and savvy purchasers looking to offset their mortgage with rental income. This versatile semi detached bungalow located a walk to transit and all amenities features a spacious 3-bedroom main level, ideal for owner occupancy, plus two separate basement units-one with a full kitchen and one with a kitchenette-creating strong income-generating potential through basement rentals or flexible multi-generational living options. For investors, the layout presents an attractive multi-income opportunity; for first-time buyers, it offers the chance to live comfortably upstairs while generating supplemental income below. Recent improvements include carpet removal, professionally sanded and stained hardwood floors (April 2026), and fresh paint on the main floor, (April 2026) providing a clean canvas for your finishing touches. Ideally located within walking distance to TTC, steps to schools, parks, and community amenities, just 5 minutes to Warden Station, approximately 3 km to GO Transit, and close to the future Eglinton Crosstown LRT, with shopping, restaurants, and trails all nearby in this established family-oriented community. Previous tenants paid $2,102/month for the main floor unit, while the basement units each rented for $820/month, highlighting the property's proven income potential.While the property is in move in condition the sellers make no representations or warranties on any chattels, fixtures or appliances . The home will be sold in as is condition. (id:29237)

Property Details
MLS® Number E13083958
Property Type Single Family
Building Type House
Storeys 1
Community Name Clairlea-Birchmount
Title Freehold
Land Size 30.5 x 100 FT
Parking type No Garage
Amenities Nearby Park, Public Transit, Schools
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Location
Building
Basement Development Finished
Basement Features Apartment in basement
Basement Type N/A, N/A (Finished)
Bathrooms (Total) 3
Bedrooms - Above Grade 3
Bedrooms - Below Grade 2
Cooling Central air conditioning
Exterior Finish Stone
Heating Fuel Natural gas
Heating Type Forced air
Style Bungalow
Rooms
Office 5 m x 3.87 m
Bedroom 5.3 m x 3.87 m
Living room 6.8 m x 3.5 m
Dining room 6.8 m x 3.5 m
Kitchen 5.23 m x 3.12 m
Primary Bedroom 3.82 m x 3.13 m
Bedroom 2 3.85 m x 2.85 m
Bedroom 3 3 m x 2.88 m
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May 05 2026 07:02:35

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