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241 LANGLEY AVENUE, Toronto (North Riverdale) — listed at $1,099,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
**North Riverdale Three-Unit Property with Parking & 135' Deep Lot.** A rare opportunity to own a versatile three-unit property in one of Toronto's most established neighborhoods. This classic 2.5-storey semi-detached home offers a spacious one-bedroom main-floor/basement suite with a beautifully renovated kitchen and excellent overall condition, plus two additional one-bedroom apartments above. The upper suites are occupied by month-to-month tenants who would like to remain, providing immediate rental continuity and future opportunity to upgrade. The outdoor space is a standout feature. The main-floor suite enjoys private access to a beautifully landscaped, fully fenced rear yard with mature greenery, multiple decks and plenty of room to relax, entertain or simply escape the city adding a lifestyle component not often found on an income property. The upper suites also enjoy their own decks, while parking at the rear adds practicality and value. Most major mechanical systems have been updated within the past 10 years. The partially finished basement provides additional storage, living and utility space for the main-floor suite, along with laundry and an additional 2-piece bathroom. The main-floor/basement suite is currently owner-occupied. An ideal opportunity for investors, multigenerational buyers, or those looking to live in one unit while generating income from the others. And then there's the neighborhood. Riverdale Park, local shops, restaurants, cafes and everyday amenities are all close at hand. Major subway infrastructure construction is underway nearby and will bring enhanced transit options and connectivity to the area upon completion. A versatile three unit property with parking , a 135' deep lot, established tenants and genuine income potential. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.6576 x 3.9624 meters |
| Bedroom | Third level | 3.81 x 1.9812 meters |
| Recreational, Games room | Basement | 9.7536 x 3.0785 meters |
| Dining room | Main level | 2.7737 x 1.6459 meters |
| Bedroom | Main level | 3.1394 x 3.2309 meters |
| Kitchen | Main level | 3.2918 x 3.6881 meters |
| Living room | Second level | 5.7302 x 3.4442 meters |
| Dining room | Second level | 5.73 x 3.44 meters |
| Kitchen | Second level | 3.7795 x 3.0785 meters |
| Bedroom | Second level | 3.871 x 2.8346 meters |
| Living room | Third level | 4.3007 x 3.5052 meters |
| Kitchen | Third level | 1.8898 x 1.8623 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,798.37, heating is heat pump, forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — wall unit cooling is in place.
What makes this a luxury property?+
At $1,099,000, standout features include 4 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
How is the home heated? Is it efficient?+
Heating is heat pump, forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
Yes — Partially finished, Walk out, Walk-up, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is 241 LANGLEY AVENUE a good fit for a growing family?+
With 3 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
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