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740 Lansdowne Avenue
Dovercourt-Wallace Emerson-Junction Toronto M6H 3Y8

$1,299,000 /For Sale
Commercial

Main Photo: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 1: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 2: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 3: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 4: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 5: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 6: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 7: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 8: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 9: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 10: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 11: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 12: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 13: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 14: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 15: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 16: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 17: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 18: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 19: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 20: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 21: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 22: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Photo 23: 740 Lansdowne Avenue in Toronto: Dovercourt-Wallace Emerson-Junction Commercial for sale (Toronto W02)  : MLS®# W13767790
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W13767790
Bus Major:
Apts - 2 To 5 Units
Legal triplex located in the Junction-Wallace pocket of West Toronto. Take advantage of this well-maintained and vacant property to place new market-rent-paying tenants with the potential to earn over 7% on invested capital. Walking distance to Lansdowne Station and the Bloordale Village, and a walk score of 91, makes this legal triplex easy to rent. This well-maintained property comprises three two-bedroom units featuring bright interiors, hardwood flooring, private entrances, access to a rear yard, a new roof, and a new furnace. With no existing tenancies, the property offers a true blank slate for leasing at current market rents, repositioning through upgrades, or holding as a turnkey income asset. Located in a well-connected area with exceptional walkability to shops, restaurants, community centres, and schools, the property benefits from strong and consistent tenant demand. This unique investment opportunity is ideal for investors seeking reliable rental cash flow, long-term stability, and portfolio diversification. The seller is a Registered Real Estate Agent (RREA).
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
1357 sq. ft. Square Feet
Total Area:
1,357 sq. ft.
Office/Apt Area:
1357 sq. ft. Sq Ft
Lot Depth:
45'
Lot Frontage:
25'
Lot Shape:
Rectangular
Bathrooms:
3.0
Water supply:
Municipal
Zoning:
R(d0.6*740)
Heating type:
Gas Forced Air Closed
Garage:
None
Parking Spaces:
1
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$5,022.22 / 2025
Assessment:
$- / -
Toronto
Toronto W02
Dovercourt-Wallace Emerson-Junction
Public Transit, Subways
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Sep 10, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data was last updated September 10, 2026 at 04:15 PM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

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When evaluating apartment buildings for sale, consider:

  • Vacancy rates and tenant demand in the area
  • Location and proximity to transit, schools, and employment hubs
  • Building condition, age, and potential maintenance costs
  • Current rental income and future appreciation potential

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.