REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 749,000
Est. payment /mo
New
137 Newlands AVE Toronto E04, ON M1L 1S2
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Semi-Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Municipality Toronto E04
Subdivision Clairlea-Birchmount
MLS Listing ID E13083958
Style Bungalow
Bedrooms 5
Annual Tax Amount $3,548
Tax Year 2025
Property Sub-Type Semi-Detached
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.
Location
Province ON
County Toronto
Community Toronto E04
Area Toronto
Rooms
Family Room No
Basement Apartment, Finished
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Other
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Shingles
Lot Frontage 30.5
Lot Depth 100.0
Total Parking Spaces 3
Building
Unit Features Fenced Yard,Library,Park,Public Transit,School
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX KEY2 REAL ESTATE