241 Langley Avenue, Toronto E01

$1,099,000
241 Langley Avenue

$1,099,000

New
32d
Triplex2 1/2 Storey

241 Langley Avenue, Toronto E01

Total Monthly Obligation $5,375

Beds
3
Baths
4
Park
1
Sqft
1500-2000
DOM
32d
Score
17
Yield
4.2%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Triplex
MLS® Number-E13819058
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-17.21 × 135.5 ft
Listed on site-Sep 21, 2026
Style-2 1/2 Storey
Building Type-Triplex
Age-100+
Taxes-$6,798.37 (2026)
Parking-1 - None
Basement-Partially Finished, Walk-Out, Walk-Up
Heating-Forced Air (Gas)
Brokerage-SAGE REAL ESTATE LIMITED
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Brick
Sewer-Sewer
Possession-Flexible
Neighbourhood-North Riverdale
Title-Residential Freehold

No agent assigned

**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.

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%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$879,200
Land Transfer Taxes$18,455
Legal Fees (Est.)
$
Total cash required for closing$239,755

Total Monthly Obligation

$5,375/mo
Mortgage $4,433
Monthly Loss $4,208
Principal$1,167
Interest$3,267
Property Tax$567
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$46,428/yr
NOI
$30,487/yr
Net Cash Flow
-$1,892/mo
Cash Margin
-48.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
17.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 241 Langley Avenue

Time

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