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$ 3,498,000
Est. payment /mo
New
449 Lansdowne AVE Toronto C01, ON M6H 3Y2
11 Beds
8 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Municipality Toronto C01
Subdivision Dufferin Grove
MLS Listing ID C13198660
Style 2-Storey
Bedrooms 11
Annual Tax Amount $13,219
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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.
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Rooms
Family Room No
Basement Apartment, Separate Entrance, Finished
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Carpet Free
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Lot Frontage 23.92
Lot Depth 134.0
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX METROPOLIS REALTY