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Triplex · Listed 12 days ago

740 Lansdowne Toronto,ON M6H 3Y8

Toronto, ON, Canada

4 Beds3 Baths0–0 sqft0 Built

List price

$1,299,000

Why This Property?

This vacant legal triplex in Dovercourt–Wallace Emerson–Junction comprises three two-bedroom units with bright interiors, hardwood floors, private entrances and rear-yard access. The property has a new roof and furnace. Lansdowne Station is nearby, along with Bloordale Village, Wallace Emerson Park and Dufferin Grove Park.

Facts & Features

Highlights

  • hardwood

Bedrooms & bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full: 3
  • Half: 0

Living Area

  • 0–0 sqft

Stories

Lot size

  • 0.028 acres

Year built

  • 0

Property type

  • Triplex

Standard status

  • Active

Cooling

Heating

View

    Utilities

      Water / Sewer

      About This Property

      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).

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      MLS® TRREB · Listing #W13755698

      Frequently Asked Questions

      Everything you need to know about valuing and buying with RealOrca.

      How is the triplex configured?
      The legal triplex has three two-bedroom units, each with a private entrance and access to the rear yard. The property is vacant.
      What transit and parks are nearby?
      Lansdowne Station on TTC Line 2 is nearby, as is Dufferin Station. Local green spaces include Wallace Emerson Park and Dufferin Grove Park.
      What is a triplex, and how is it different from other multi-unit homes in Toronto?
      A triplex is a property with three separate dwelling units within one building. In Toronto, triplexes are often chosen by buyers who want a home that can accommodate multiple households, support extended family living, or offer rental income potential, while still being managed as a single property.
      What should buyers know about purchasing a triplex in Toronto?
      Buying a triplex in Toronto usually involves reviewing the property’s zoning, permitted uses, unit configuration, and any existing tenancies. Buyers should also consider financing, inspections, insurance, and whether they plan to live in one unit, rent all units, or renovate over time. Working with a real estate professional familiar with multi-unit properties is helpful.
      Which Toronto neighbourhood features are important for triplex buyers?
      For triplex buyers, access to TTC transit, GO Transit connections, schools, parks, and everyday amenities can strongly influence both livability and rental appeal. Neighbourhoods with strong transit access and nearby services are often attractive because they make commuting and daily routines easier for residents in all three units.
      Are triplexes common in Toronto, and what are they typically like?
      Triplexes are a well-established housing type in Toronto, especially in older residential areas and along transit corridors. They are often found in low-rise buildings and may feature separate entrances, shared utilities, or a mix of updated and original finishes depending on the property’s age and renovation history.