137 Newlands Avenue Toronto, Ontario M1L 1S2
$749,000
Rare opportunity to own a multi-unit property in a highly desirable Scarborough neighbourhood, offering exceptional potential for investors, first-time buyers, and savvy purchasers looking to offset their mortgage with rental income. This versatile semi detached bungalow located a walk to transit and all amenities features a spacious 3-bedroom main level, ideal for owner occupancy, plus two separate basement units-one with a full kitchen and one with a kitchenette-creating strong income-generating potential through basement rentals or flexible multi-generational living options. For investors, the layout presents an attractive multi-income opportunity; for first-time buyers, it offers the chance to live comfortably upstairs while generating supplemental income below. Recent improvements include carpet removal, professionally sanded and stained hardwood floors (April 2026), and fresh paint on the main floor, (April 2026) providing a clean canvas for your finishing touches. Ideally located within walking distance to TTC, steps to schools, parks, and community amenities, just 5 minutes to Warden Station, approximately 3 km to GO Transit, and close to the future Eglinton Crosstown LRT, with shopping, restaurants, and trails all nearby in this established family-oriented community. Previous tenants paid $2,102/month for the main floor unit, while the basement units each rented for $820/month, highlighting the property's proven income potential.While the property is in move in condition the sellers make no representations or warranties on any chattels, fixtures or appliances . The home will be sold in as is condition. (id:49269)
Property Details
| MLS® Number | E13083958 |
| Property Type | Single Family |
| Community Name | Clairlea-Birchmount |
| Amenities Near By | Park, Public Transit, Schools |
| Equipment Type | Water Heater, Furnace, Heat Pump |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater, Furnace, Heat Pump |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Apartment In Basement |
| Basement Type | N/a, N/a (finished) |
| Construction Style Attachment | Semi-detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Stone |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 700 - 1,100 Sqft |
| Type | House |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 30 Ft ,6 In |
| Size Irregular | 30.5 X 100 Ft |
| Size Total Text | 30.5 X 100 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Office | 5 m | 3.87 m | 5 m x 3.87 m |
| Basement | Bedroom | 5.3 m | 3.87 m | 5.3 m x 3.87 m |
| Main Level | Living Room | 6.8 m | 3.5 m | 6.8 m x 3.5 m |
| Main Level | Dining Room | 6.8 m | 3.5 m | 6.8 m x 3.5 m |
| Main Level | Kitchen | 5.23 m | 3.12 m | 5.23 m x 3.12 m |
| Main Level | Primary Bedroom | 3.82 m | 3.13 m | 3.82 m x 3.13 m |
| Main Level | Bedroom 2 | 3.85 m | 2.85 m | 3.85 m x 2.85 m |
| Main Level | Bedroom 3 | 3 m | 2.88 m | 3 m x 2.88 m |
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May 05 2026 07:02:35
Toronto Regional Real Estate Board
RE/MAX Key2 Real Estate