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Corso Italia-Davenport, Toronto
$999,000
Welcome to 1383 Lansdowne Avenue! This well-maintained, turnkey semi-detached home offers two units, providing an excellent opportunity for investors and end-users alike. The vacant upper unit features 2 bedrooms and 1 bathroom, while the spacious main floor and lower-level unit offers 1 bedroom and 2 bathrooms, currently leased for $2,500 per month. Significant improvements add comfort, functionality, and long-term value, including upgraded 200-amp electrical service, exterior basement waterproofing along three walls, a sump pump and backwater valve, and new basement flooring. Additional updates include a furnace (2019, owned), A/C (2022), upgraded windows (2016, excluding basement and third floor), and insulation and soundproofing in the basement ceiling. Both units offer the convenience of in-unit laundry. Ideal for investors seeking rental income or end-users who want the flexibility to live in one unit while renting the other, with the option to convert back to a single-family home. A versatile opportunity in a convenient, central Toronto location! Enjoy easy access to the shops, cafés, and restaurants along St. Clair Avenue, a short walk to Earlscourt Park, and convenient TTC connections. Street parking permits are available through the City of Toronto.
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| Type | Semi-Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,473 |
| Lot Size | 19.08 ft x 110 ft |
| mls© Number | W14094990 |
| Listed By | CHESTNUT PARK REAL ESTATE LIMITED |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,113
- Property tax
- $373
- Heat allowance
- $150
- Housing costs
- $5,636 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$173,000
gross annual household income
- Payment at 4%
- $4,204 / mo
- Cash down
- $199,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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