449 Lansdowne Ave, Toronto (Dufferin Grove), ON M6H3Y2

Beds
11
Baths
8

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Listed byRE/MAX METROPOLIS REALTY
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Overview

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 (3 bed, 1 bath, ~768 sq ft), upper unit (3 bed, 3 bath incl. 1 powder, ~1,307 sq ft), basement unit (2 bed, 1 bath, ~823 sq ft with multiple windows), and a laneway suite (3 bed, 3 bath incl. 1 powder, ~1,480 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 4.1%, 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. 4 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:58180)

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
11
Number of bathrooms
8
Lot size (acres)
0.07

Interior features

Basement
Yes

Exterior features

Horse amenities
Stable

Utilities

Heating
Forced Air, Natural Gas
Sewer
Sewer
Water
Water

Taxes

Tax Annual Amount
$13,219

Public schools

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Sourced from: Canadian Real Estate Association MLS®#: C13198660 Last checked:

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