FOR SALE

963 Lansdowne Avenue

Asking $1,298,000.

2 UNITS / 5 BEDROOMS / 2-1/2 BATHS / 1,850 sq.ft. (excluding basement)

Features and Analysis

MLS listing description:

“Legal Duplex Meticulously Laid Out With The Finest Finishes. Gutted, Underpinned, Waterproofed And Rebuilt With All Permits. Includes: Low Maint Eco Garden, New Roofs & Windows, 2Car Garage, Terrace W Bbq Line, Bsmnt Walkout, New Plmbing & Drains, Sprayfoam, Sep Gas And Hydro Meter, Fire/Sound Insulation Btwn Units, Hickory Flrs , Vinyl Plank Bsmt, Exposed Brick & Glass Railings. 1850Sqft + 616 Bsmnt W/8Ft Ceilings. 2Br & 3Br Units.”

Pros & cons about this property:

This is a quality and well-designed legal duplex renovation which is a rarity and not a questionable renovation to flip the property which I have seen done often. The finishes and features are contemporary, tasteful and excellent quality. The lower unit which occupies the ground floor and basement has 2 bedrooms with 1,380 sq.ft., while the upper unit takes up the 2nd and 3rd floor and features 3 bedrooms in 1,086 sq.ft. Each unit is individually metered for utilities, has its own furnace, hot water heaters and laundry.

The property also features a detached 2-car garage which is a nice rare bonus. The property is nicely located just a 10 minute walk to the subway station and the planned major mixed-use redevelopment of the Galleria Shopping Centre property just to the east will drastically improve the neighbourhood, though at a cost of increased traffic.  

My final thoughts:

This is an excellent property if you are looking for home with rental income. All the quality work has been done so this is truly a turn-key property. This house was listed at $1 million with an offer date, however the sellers didn’t get the price they wanted so it has been relisted at $1,298,000 — a fair price. As this renovation was done so well, it would be both a lot of work to turn this house back into a single family home and a shame as well.

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About us

Art House Real Estate Littlehayes Lane Kensington Market

Alan O. Wong

Sales Representative, B.Arch, Assoc.AIA

Office: 416.504.6133

Direct: 647.963.1037

alan@livingdifferent.ca

Blue Elephant Realty Inc. Brokerage

 

Tucked in a laneway in the middle of vibrant Kensington Market is Art House, a creative real estate studio catering to savvy Torontonians who embrace urban living. Art House is your alternative to the traditional real estate industry ethos. We are passionate about the city and foster trust by contributing to positive change within our community. With a focus on ethics and a critical eye, we curate unique homes and intelligent investment opportunities to fit your lifestyle.

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