137 Newlands Avenue, Toronto E04, ON M1L 1S2
Toronto E04
Rare opportunity to own a multi-unit property in a highly desirable Scarborough neighbourhood, offering exceptional potential for investors, first-time buyers, and savvy purchasers looking to offset their mortgage with rental income. This versatile semi detached bungalow located a walk to transit and all amenities features a spacious 3-bedroom main level, ideal for owner occupancy, plus two separate basement units-one with a full kitchen and one with a kitchenette-creating strong income-generating potential through basement rentals or flexible multi-generational living options. For investors, the layout presents an attractive multi-income opportunity; for first-time buyers, it offers the chance to live comfortably upstairs while generating supplemental income below. Recent improvements include carpet removal, professionally sanded and stained hardwood floors (April 2026), and fresh paint on the main floor, (April 2026) providing a clean canvas for your finishing touches. Ideally located within walking distance to TTC, steps to schools, parks, and community amenities, just 5 minutes to Warden Station, approximately 3 km to GO Transit, and close to the future Eglinton Crosstown LRT, with shopping, restaurants, and trails all nearby in this established family-oriented community. Previous tenants paid $2,102/month for the main floor unit, while the basement units each rented for $820/month, highlighting the property's proven income potential.While the property is in move in condition the sellers make no representations or warranties on any chattels, fixtures or appliances . The home will be sold in as is condition.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 137 Newlands Avenue, Toronto E04, ON M1L 1S2
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# E13083958
Listed by RE/MAX KEY2 REAL ESTATE
On market since May 5, 2026
137 Newlands Avenue, Toronto E04, ON M1L 1S2 is listed for $749,000 CAD.
137 Newlands Avenue, Toronto E04, ON M1L 1S2 has 5 bedrooms and 3 bathrooms.
137 Newlands Avenue, Toronto E04, ON M1L 1S2 is a Semi-Detached .
137 Newlands Avenue, Toronto E04, ON M1L 1S2 is in Toronto E04, Ontario.
137 Newlands Avenue, Toronto E04, ON M1L 1S2 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 137 Newlands Avenue, Toronto E04, ON M1L 1S2 (MLS# E13083958). You can also send a message through the contact form on this site.
