PROPERTY DETAILS

447 Lansdowne Avenue,

Toronto, Ontario M6H 3Y2

$3,498,000
8+2
9

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. (id:29237)

Property Details
MLS® Number C13198742
Property Type Multi-family
Building Type Fourplex
Storeys 2
Community Name Dufferin Grove
Land Size 24.5 x 134 FT
Parking type No Garage
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Location
Building
Basement Development Finished
Basement Features Apartment in basement, Separate entrance
Basement Type N/A, N/A, N/A (Finished)
Bathrooms (Total) 9
Bedrooms - Above Grade 8
Bedrooms - Below Grade 2
Cooling Central air conditioning
Exterior Finish Brick, Wood
Heating Fuel Natural gas
Heating Type Forced air
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May 27 2026 07:16:52

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