241 Langley Avenue in Toronto: North Riverdale House for sale (Toronto E01) : MLS®# E13690344
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North Riverdale Triplex with Parking & 135' Deep Lot. A rare opportunity to own a genuine 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 be upgraded. The upper units enjoy decks and the main unit features yard access. Most major mechanical systems have been updated within the past 10 years. A generous 135' deep lot provides a fully fenced rear yard with decking and landscaping, while parking at rear adds an increasingly rare feature for North Riverdale. A partially finished walk-up basement provides additional storage and utility space. The main-floor/basement suite is currently owner-occupied. The owner would like to remain and is prepared to discuss a purchase arrangement providing a credit equivalent to two years' rent for the suite, or vacant possession is also an option. 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 currently underway nearby and will bring improved transit access once complete. For the buyer with a longer view, patience should be rewarded as the project is completed, bringing new connectivity and energy to an already established neighborhood. A true Toronto triplex with parking, a deep lot, established tenants and genuine income potential - a property that makes sense today while offering more upside as the neighborhood evolves.
Under Contract:
Air Conditioner
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
2 1/2 Storey
Approx. Age:
100+
Total Approx Floor Area:
1500-2000
Lot Depth:
135'6"41.3 m
Lot Frontage:
17'2½"5.25 m
Direction Faces:
South
Bedrooms:
3
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
3
Kitchens Above Grade:
3
Rooms Above Grade:
11
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Brick
Roof:
Asphalt Shingle
Basement:
Partially Finished, Walk-Out, Walk-Up
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private
Parking Spaces:
1
Total Parking Spaces:
1.0
Family Room:
No
Possession Details:
Flex/30/45/60/90
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2026
Taxes:
$6,798.37 /
2026
Assessment:
$- /
2026
Toronto
Toronto E01
North Riverdale
Park, Ravine, Public Transit
Primary Bedroom - Main Floor, Storage Area Lockers, Water Heater
Tosot Heat Pump & Equipment for Main Floor, Hot Water Tank
Unit 1: Fridge, Stove, Dishwasher, Microwave/Hoodvent, Washer&Dryer, Unit 2: Fridge, Stove, Dishwasher. Unit 3: Fridge, Stove. GB&E. Parking @ Rear off of Laneway.
Unit 2: Window Air Conditioner and Freezer (Belongs to Tenant)
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