449 Lansdowne Avenue
Dufferin Grove, Toronto
$3,498,000
Bedrooms: 9
Bathrooms: 8
Living Area: 3,500 sqft
Price Per Sqft: $999.43
About this Fourplex
in Dufferin Grove, Toronto
Exceptional opportunity to own a legal fourplex offering four fully self-contained, fully renovated units with modern finishes throughout-ideal for investors or end-users seeking strong income potential. The property features a main floor unit (3 bed, 1 bath, ~768 sq ft), upper unit (3 bed, 3 bath incl. 1 powder, ~1,307 sq ft), basement unit (2 bed, 1 bath, ~823 sq ft with multiple windows), and a laneway suite (3 bed, 3 bath incl. 1 powder, ~1,480 sq ft). Each unit offers separate entrances and private living space, enhancing functionality and privacy. All suites are updated with stainless steel appliances, stylish backsplashes, and in-suite washer/dryer, providing turnkey, low-maintenance living across all units. Strong investment fundamentals with an estimated cap rate of approximately 4.1%, with upside potential through rent increases in select units and the opportunity to capture higher market rents as tenancies turn over or new tenants are placed. 4 of 4 units are currently occupied with long-term, quality tenants paying at or slightly above market rent, providing stable in-place income. There is additional upside through future rent increases as well as potential turnover opportunities to reposition select units to higher market rents. The property may also offer flexibility for short-term rental use in certain units, subject to local regulations and buyer strategy. Each unit has hydro separately metered, while gas and water are split proportionately between units. Internet is the responsibility of each tenant and paid separately, supporting flexible and tenant-managed utility arrangements throughout the property. Parking potential exists on-site with the ability to create dedicated spaces, plus City of Toronto street parking used by some tenants. Conveniently located near Dufferin Mall, High Park, schools, groceries, and everyday amenities, with easy access to TTC and Bloor GO Station for easy commuting.
Listed by RE/MAX METROPOLIS REALTY.
Photo 0
Photo 1
Photo 2
Photo 3
Photo 4
Photo 5
Photo 6
Photo 7
Photo 8
Photo 9
Photo 10
Photo 11
Photo 12
Photo 13
Photo 14
Photo 15
Photo 16
Photo 17
Photo 18
Photo 19
Photo 20
Photo 21
Photo 22
Photo 23
Photo 24
Photo 25
Photo 26
Photo 27
Photo 28
Photo 29
Photo 30
Photo 31
Photo 32
Photo 33
Photo 34
Photo 35
Photo 36
Photo 37
Photo 38
Photo 39
Photo 40
Photo 41
Photo 42
Photo 43
Photo 44
Photo 45
Photo 46
Photo 47
LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
|
| Ontario Land Transfer Tax | |
| Toronto Land Transfer Tax | |
Province of Ontario (effective January 1, 2017)
For Single Family or Two Family Homes
- Up to and including $55,000.00 -> 0.5%
- $55,000.01 to $250,000.00 -> 1%
- $250,000.01 to $400,000 -> 1.5%
- $400,000.01 & $2,000,000.00 -> 2%
- Over $2,000,000.00 -> 2.5%
First-time homebuyers may be eligible for a refund of up to $4,000.
Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers
City of Toronto (effective March 1, 2017)
For Single Family or Two Family Homes
- Up to and including $55,000.00 -> 0.5%
- $55,000.01 to $250,000.00 -> 1%
- $250,000.01 to $400,000 -> 1.5%
- $400,000.01 & $2,000,000.00 -> 2%
- Over $2,000,000.00 -> 2.5%
First-time homebuyers may be eligible for a rebate of up to $4,475.
Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities
MORTGAGE CALCULATOR
| Asking Price: | Interest Rate (%): | ||
| Amortization: | |||
| Percent Down: | |||
| Down Payment: | |||
| First Mortgage: | |||
| CMHC Prem.: | |||
| Total Financing: | |||
| Monthly P&I: | |||
| * This material is for informational purposes only. | |||
Request A Showing Or Find Out More
Have a question or interested in this property? Send us a message!
inquire
