Legal triplex located in the Junction-Wallace pocket of West Toronto. Take advantage of this well-maintained and vacant property to place new market-rent-paying tenants with the potential to earn over 7% on invested capital. Walking distance to Lansdowne Station and the Bloordale Village, and a walk score of 91, makes this legal triplex easy to rent. This well-maintained property comprises three two-bedroom units featuring bright interiors, hardwood flooring, private entrances, access to a rear yard, a new roof, and a new furnace. With no existing tenancies, the property offers a true blank slate for leasing at current market rents, repositioning through upgrades, or holding as a turnkey income asset. Located in a well-connected area with exceptional walkability to shops, restaurants, community centres, and schools, the property benefits from strong and consistent tenant demand. This unique investment opportunity is ideal for investors seeking reliable rental cash flow, long-term stability, and portfolio diversification. The seller is a Registered Real Estate Agent (RREA).
Key Facts:
Tax:
$5,022 / 2025
Property Type:
Investment
Sq. ft. size
1357 sq. ft.
Lot Size:
25 x 45 feet
Lot Irregularities:
PCL 7-3-T SEC M88; PT LT 7 BLK T PL M88 TORONTO COMM AT THE S ELY ANGLE OF SAID LT; THENCE NLY ALONG THE WLY LIMIT OF LANSDOWN AV 25 FT MORE OR LESS TO WHERE IT IS INTERSECTED BY THE PRODUCTION ELY OF THE NLY FACE OF THE NLY WALL OF THE HOUSE ON THIS LAND; THENCE WLY ALONG THE SAID PRODUCTION TO AND ALONG THE SAID NLY FACE OF WALL AND ITS PRODUCTION WLY 45 FT MORE OR LESS TO THE REAR THEREOF; THENCE SLY ALONG THE SAID REAR OF LT, 24 FT 11 INCHES MORE OR LESS TO THE S WLY ANGLE THEREOF; THENCE
Parking:
1 space
Basement:
Y
Listing #:
W13767790
Days on Site:
55 days
Status Change:
32 days ago
Added to CiRealty:
2026-09-10
Updated on:
2026-10-02
Market Demand:
Buyer’s Market
Balanced
Seller’s Market
Property Details
Property details for 740 Lansdowne Ave, Toronto. Listed for $1,299,000 on 2026-09-10
Property
Property Type:
Investment
Style:
Apartment
Community:
Dovercourt-Wallace Emerson-Junction
Municipality:
Toronto W02
Inside
Bathrooms:
3
Utilities
Water:
Municipal
Cooling:
N
Heating Type:
Gas Forced Air Closd
Building
Size:
1357 sq. ft.
Parking
Garage Type:
None
Driveway Spaces:
1
Total Parking Spaces:
1
Land
Frontage:
25 feet
Depth:
45 feet
Cross Street:
Lansdowne Avenue and Lappin Avenue
Property
Property Type:
Investment
Style:
Apartment
Community:
Dovercourt-Wallace Emerson-Junction
Municipality:
Toronto W02
Building
Size:
1357 sq. ft.
Parking
Garage Type:
None
Driveway Spaces:
1
Total Parking Spaces:
1
Inside
Bathrooms:
3
Land
Frontage:
25 feet
Depth:
45 feet
Cross Street:
Lansdowne Avenue and Lappin Avenue
Utilities
Water:
Municipal
Cooling:
N
Heating Type:
Gas Forced Air Closd
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