740 Lansdowne Avenue, Toronto, ON M6H 3Y8
- Property tax
- $5,022 / year
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-termstability, and portfolio diversification. The seller is a Registered Real Estate Agent (RREA).
- MLS number
- W13755698
- Type
- Triplex
- Status
- Active
- Bedrooms
- 6
- Bathrooms
- 3
- Postal code
- M6H 3Y8
- Photos
- 23
- Laundry
- Not in the unit
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Triplex
- Style
- 2-Storey
- Class
- Residential Freehold
- Fronting on
- West
- Community
- Dovercourt-Wallace Emerson-Junction
- Municipality
- Toronto W02
- Cross street
- Lansdowne Avenue and Lappin Avenue
Inside
- Bedrooms
- 6
- Bedrooms above grade
- 4
- Bathrooms
- 3
- Washrooms
- 1 on the main floor · 1 on the second floor · 1 on the lower floor
- Kitchens
- 3
- Rooms above grade
- 10
- Basement
- Apartment
- Size
- 1100-1500
Building
- Construction
- Brick
- Roof
- Flat
- Foundation
- Concrete
Parking
- Covered spaces
- 0
- Driveway spaces
- 1
- Total parking
- 1
- Features
- Available
Land
- Lot
- 25 × 45 feet
- Shape
- Rectangular
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- None
- Water
- Municipal
- Sewer
- Sewer
Features
- Property
- Hospital, Park, Public Transit, Rec./Commun.Centre, School
- Interior
- Carpet Free, Sump Pump, Water Meter
Listing
- MLS number
- W13755698
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-09-08
- Expires
- 2026-12-31
- Taxes
- $5,022 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 8 times.
Where this property is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.
Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| St Sebastian Catholic School Toronto CDSB | Elementary | 518 m | / 10 92% met the standard |
| Perth Avenue Junior Public School Toronto DSB | Elementary | 567 m | / 10 77% met the standard |
| St Luigi Catholic School Toronto CDSB | Elementary | 589 m | / 10 36% met the standard · 3 of 6 measures |
| Experience School | Secondary | 729 m | Not reported |
| St Mary of the Angels Catholic School Toronto CDSB | Elementary | 970 m | / 10 76% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 353 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35204889 — the few blocks around this address, home to 353 people. It describes the area, not this property.
Percentages are of the 215 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.
What’s being built nearby
Planning applications within 500 m — 6 still in progress.
Standalone Official Plan Amendment application to redesignate the subject site from Core Employment Areas to Mixed Use Areas.
City planning file →Site Plan Control application for Block 3A of 1245 Dupont Street that includes the construction of a 50 storey (156.95 metres) market rental building with 588 units and at grade retail.…
City planning file →Site Plan Approval for a 8-storey self-storage building with a total gross floor area of 22,734 square metres on the westerly portion of the subject lands containing 746.3 square metres of non-residential gross floor area including an ancillary retail, a medic…
City planning file →Zoning By-law Amendment Application for two towers of 39- and 36-storeys, including a 6-storey podium with commercial at grade.…
City planning file →Site plan approval for a 26-storey residential rental apartment building having a gross floor area of 20,534 square metres, and containing 314 residential dwelling units.…
City planning file →Official Plan and Zoning By-law Amendment to increase the approved height and density onsite to accomodate additional purpose built and affordable rental dwelling units.…
City planning file →Draft Plan of Condominium for a 31-storey building, in relation to Site Plan 20 181703 STE 09 SA.
City planning file →Part Lot Control Exemption By-law extension application request for 1245 Dupont Street. By-law 235-2020 was enacted by City Council on February 26, 2020 and expires in February 26, 2025.
City planning file →What these are
These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.
Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.
Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.