740 Lansdowne Avenue
Dovercourt-Wallace Emerson-Junction, Toronto, M6H 3Y8
$1,299,000
- 3 bathrooms
Listed 40 days ago · MLS® W13767790
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-term stability, and portfolio diversification. The seller is a Registered Real Estate Agent (RREA).
Details
- Type
- Investment
- Lot
- 25 × 45 ft
- Garage
- None
- Property tax
- $5,022 (2025)
- Neighbourhood
- Dovercourt-Wallace Emerson-Junction
- Municipality
- Toronto W02
Interior
- Bathrooms
- 3 × bathroom
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Utilities
- Yes
Building and exterior
- Building area
- 1,357 Square Feet
More
- Possession
- TBD
- Cross street
- Lansdowne Avenue and Lappin Avenue
- Business type
- Apts - 2 To 5 Units
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 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2026Standalone Official Plan Amendment application to redesignate the subject site from Core Employment Areas to Mixed Use Areas.Application details
-
1245 DUPONT ST · 450 mSite Plan · Under Review · applied 2026Site 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 mOfficial Plan / Zoning By-law Amendment · Appeal Received · applied 2023Further 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 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2022Zoning 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 mSite Plan · NOAC Issued · applied 2022Site 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 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2022Official 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.
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.
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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