ON
Toronto (Clairlea-Birchmount)
M1L1S2
137 Newlands Avenue
137 Newlands Avenue, Toronto (Clairlea-Birchmount), ON M1L1S2
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Listing Type
Single Family
Listing Status
Active
46
$749,000

Home Details for 137 Newlands Avenue

Price
$749,000
Type
Residential
Bedrooms
5
Total Bathrooms
3
Listing #
E13083958
Property Description

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:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
Listing Courtesy: RE/MAX KEY2 REAL ESTATE
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EXIT REALTY COMMUNITY, BROKERAGE
1323 Michigan Ave, Sarnia, ON N7S 4M6
Ken Patterson
License #: 4764511
Associate Broker
Office
519 542 1000
Agent
226 270 1234
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