740 Lansdowne Avenue

Dovercourt-Wallace Emerson-Junction, Toronto, M6H 3Y8

$1,299,000

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  • 4+2 bedrooms
  • 3 bathrooms
  • 1 parking
  • 1100-1500 sq ft

Listed 42 days ago · MLS® W13755698

About this home

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).

Details

Type
Triplex
Style
2-Storey
Size
1100-1500 sq ft
Lot
25 × 45 ft
Basement
Apartment
Garage
None
Kitchens
3
Property tax
$5,022 (2025)
Neighbourhood
Dovercourt-Wallace Emerson-Junction
Municipality
Toronto W02

Interior

Bedrooms
4 above ground + 2 below
Bathrooms
1 × 3-piece (main), 1 × 3-piece (second), 1 × 4-piece (lower)
Kitchens
3 (1 below ground)
Rooms
10 above ground + 5 below
Family room or den
No
Fireplace
No
Features
Carpet Free, Sump Pump, Water Meter

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick
Roof
Flat
Foundation
Concrete
Faces
West

Parking

Total parking
1
Driveway and parking
Available

Lot

Size
25 × 45 ft (rectangular)

More

Possession
TBA
Nearby
Hospital, Park, Public Transit, Rec./Commun.Centre, School
Cross street
Lansdowne Avenue and Lappin Avenue

History of this address

7 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Lansdowne Subway10 min walk
  • 🚇 Bloor UP Express13 min walk
  • 🚆 Exhibition GO3.8 km

Within a 10-minute walk: 10 grocery stores, 64 cafés and restaurants, 20 parks, 7 pharmacies. Nearest grocery: Food Basics (300 m). Nearest park: Campbell Avenue Park (250 m).

Schools nearby

Elementary

  • St. Sebastian Catholic School Catholic
    EQAO: Gr 6 reading 100%, math 69%
    8 min walk
  • St. Luigi Catholic School Catholic
    EQAO: Gr 3 reading 42%, math 17%
    8 min walk
  • Pauline Junior Public School
    EQAO: Gr 6 reading 96%, math 65%
    9 min walk
  • Perth Avenue Junior Public School
    EQAO: Gr 6 reading 90%, math 68%
    9 min walk

Secondary

  • Bloor Collegiate Institute ALPHA Alternative School Secondary15 min walk
  • Bishop Marrocco/Thomas Merton Catholic Secondary School Catholic
    EQAO: Gr 9 math 41%, literacy test 69%
    16 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M6H

Owners / renters
48% / 52%
Median household income
$83,000
Average age
41
Children under 15
12%
Homes
11% detached, 18% high-rise
Commute by transit
30%
Population
43,730

Languages spoken most at home besides English: Portuguese 8.5%, Spanish 2.3%, Yue (Cantonese) 1.8%, Italian 1.4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Junction-Wallace Emerson (2025): about the Toronto average, down 9% from the year before.

  • Assaultabout average
  • Break and enter22% above average
  • Auto theft52% below average
  • Robbery54% below average
  • Theft from vehiclesabout average
  • Shootings56% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 8 active

  • 90 WARD ST · 150 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Standalone Official Plan Amendment application to redesignate the subject site from Core Employment Areas to Mixed Use Areas.
    Application details
  • 1245 DUPONT ST · 450 m
    Site Plan · Under Review · applied 2026
    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…
    Application details
  • 350 CAMPBELL AVE · 500 m
    Official Plan / Zoning By-law Amendment · Appeal Received · applied 2023
    Further to the rezoning submission it has been determined that, while there are no residential units located within the area designated as Core Employment, an…
    Application details
  • 321 SYMINGTON AVE · 500 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2022
    Zoning By-law Amendment Application for two towers of 39- and 36-storeys, including a 6-storey podium with commercial at grade. The proposal will have…
    Application details
  • 316 CAMPBELL AVE · 450 m
    Site Plan · NOAC Issued · applied 2022
    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…
    Application details
  • 213 EMERSON AVE · 250 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2022
    Official Plan and Zoning By-law Amendment to increase the approved height and density onsite to accomodate additional purpose built and affordable rental…
    Application details

8 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 6 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Newmarket Subdivision)200 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

No building permits at this address since 2014.

8 permits on this block of the street in the last 2 years, including 3 new homes.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

38 City street trees within 100 m. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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