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TriplexListed 21 days ago

$1,099,000

241 Langley Avenue, Toronto, ON M4K 1C1

North Riverdale · Toronto · M4K 1C1

Listing brokerage: SAGE REAL ESTATE LIMITED

Beds
3
Baths
4
Sq ft
1500–2000
Parking
1
Virtual tour

Monthly costs

Property taxes

$567/mo

$6,798 a year (2026)

The home

Lot size
17.2 × 135.5 ft
Style
2 1/2 Storey
Basement
Partially Finished, Walk-Out, Walk-Up
Parking
1 spot
Faces
South
Age
100+ years
Heating · cooling
Forced Air, Wall Unit(s)
Possession
Flexible

About this home

**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.

All details21 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing

Interior

Bedrooms
3
Bathrooms
4
Kitchens
3
Rooms
11
Size
1500-2000 sq ft

Features

  • Primary Bedroom - Main Floor
  • Storage Area Lockers
  • Water Heater

Heating & Cooling

Heat source
Gas

Parking

Covered spaces
0

Features

  • Private

Exterior & Lot

Exterior
Aluminum Siding, Brick
Roof
Asphalt Shingle
Foundation
Brick

Utilities

Sewer
Sewer

Taxes & Fees

HST
Included In

Listing

MLS® number
E13819058
Type
Triplex
Transaction
For Sale
Neighbourhood
North Riverdale
Cross streets
Langley/Pape Ave
Co-listing brokerage
SAGE REAL ESTATE LIMITED
Rooms · 17Living Room ×3, Dining Room ×2, Bedroom ×3, Kitchen ×3, Recreation, Room, Washroom ×4
  • Living Room

    Main

    3.66 × 3.96 m · 12′0″ × 13′0″

    Hardwood Floor, Sliding Doors, Window

  • Dining Room

    Main

    2.77 × 1.65 m · 9′1″ × 5′5″

    Vinyl Floor, Pot Lights, W/O To Deck

  • Bedroom

    Main

    3.14 × 3.23 m · 10′4″ × 10′7″

    Hardwood Floor, Closet, Window

  • Kitchen

    Main

    3.29 × 3.69 m · 10′10″ × 12′1″

    Vinyl Floor, Pot Lights

  • Living Room

    Second

    5.73 × 3.44 m · 18′10″ × 11′4″

    Laminate, Window

  • Dining Room

    Second

    5.73 × 3.44 m · 18′10″ × 11′3″

    Laminate, Window, Combined w/Living

  • Kitchen

    Second

    3.78 × 3.08 m · 12′5″ × 10′1″

    2 Way Fireplace, W/O To Deck

  • Bedroom

    Second

    3.87 × 2.83 m · 12′8″ × 9′4″

    Laminate, Closet, Bay Window

  • Living Room

    Third

    4.30 × 3.51 m · 14′1″ × 11′6″

    Broadloom, W/O To Sundeck

  • Kitchen

    Third

    1.89 × 1.86 m · 6′2″ × 6′1″

  • Bedroom

    Third

    3.81 × 1.98 m · 12′6″ × 6′6″

    Broadloom, Closet, Window

  • Recreation

    Basement

    9.75 × 3.08 m · 32′0″ × 10′1″

    Laminate, Open Concept, 2 Pc Bath

  • Room

  • 4-piece washroom

    Main

  • 2-piece washroom

    Basement

  • 4-piece washroom

    Second

  • 4-piece washroom

    Third

History

Past listings and sales for this home and building.

Location

241 Langley Avenue, Toronto, ON M4K 1C1 · Near Langley/Pape Ave

Monthly cost

Estimated monthly cost

$5,433/mo

Mortgage
$4,866
Property tax
$567
Down payment$219,800 · 20%
Interest rate4.50%

Amortization

Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.

Cash to close

Cash to close

$258,795

$219,800 down + $38,995 to $40,245 in closing costs

Ontario land transfer tax
$18,455
Toronto land transfer tax
$18,455
Legal fees and disbursements
$1,500 to $2,500
Title insurance
$250 to $500
Property tax adjustment
$335

Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.

The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

$1,099,000

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