$5,500,000 - 447 - 449 Lansdowne Avenue, Downtown Toronto
Detached for Sale in Downtown Toronto
New — Listed 5 days agoNeighbourhood: Dufferin Grove
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- MLS Number
- C13775080
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 21
- Bathrooms
- 17
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX METROPOLIS REALTY
Rare 8-unit turnkey portfolio delivering 8,724 sq ft of legal livable space and a ~4.4% in-place yield in prime Toronto. Situated steps from Dufferin Mall, High Park, schools, groceries, TTC transit, and the Bloor GO Station, this property features two fully renovated legal semi-detached fourplexes with modern laneway suites. Building 449 (~4,378 sq ft) includes a 3-bed/1-bath main unit (~768 sf), 3-bed/3-bath upper unit (~1,307 sf), 2-bed/1-bath basement unit (~823 sf), and 3-bed/3-bath laneway suite (~1,480 sf). Building 447 (~4,346 sq ft) includes a 2-bed/2-bath main unit (~847 sf), 3-bed/3-bath upper unit (~1,317 sf), 2-bed/1-bath basement unit (~908 sf), and 3-bed/3-bath laneway suite (~1,274 sf). Each unit offers private entrances, modern kitchens with stainless steel appliances, stylish backsplashes, and in-suite laundry. Low-maintenance operations feature separately metered hydro, proportionate gas/water splits, tenant-paid internet, stable long-term tenants, future repositioning upside, on-site parking, and City permit street parking.
Estimate your monthly payments for this property
Estimated Payment
$24,328.36/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Dufferin Grove
Dufferin Grove is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Dufferin Grove
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Dufferin Grove offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
447 - 449 Lansdowne Avenue, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1571/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 21 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 17 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.