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:61852)
Property Details
| MLS® Number | E13083958 |
| Property Type | Single Family |
| Community Name | Clairlea-Birchmount |
| AmenitiesNearBy | Park, Public Transit, Schools |
| EquipmentType | Water Heater, Furnace, Heat Pump |
| ParkingSpaceTotal | 3 |
| RentalEquipmentType | Water Heater, Furnace, Heat Pump |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 5 |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a, N/a (finished) |
| ConstructionStyleAttachment | Semi-detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Stone |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | House |
Parking
| No Garage |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 30 Ft ,6 In |
| SizeIrregular | 30.5 X 100 Ft |
| SizeTotalText | 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 |
Interested?
Contact us for more information
Geeta Rajpal
Salesperson
2460 Brock Rd #c206
Pickering, Ontario L1X 0J1
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 05 2026 07:33:54
Toronto Real Estate Board
RE/MAX Key2 Real Estate