Listed for:Listed Sep 21, 2026
$1,099,000

241 Langley Avenue

Toronto (North Riverdale), ON M4K 1C1

Multiplex For Sale
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Sale & Price History for 241 Langley Avenue, Toronto, North Riverdale

No listing history available

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About 241 Langley Avenue, Toronto, North Riverdale

Summarized Description

  • Versatile three-unit property in North Riverdale.
  • Beautifully renovated kitchen in main-floor suite.
  • Private access to landscaped, fenced yard.
  • Established tenants ensure immediate rental income.
  • Updated mechanical systems within the last decade.
  • Close to parks, shops, and subway construction.
  • Ideal for investors or multigenerational living.
  • 135' deep lot with multiple outdoor decks.

**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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$6,798
Land Transfer Tax Fee
$36,910

Rental Items

Rental Equipment
Tosot Heat Pump & Equipment for Main Floor, Hot Water Tank

Basement Type
Partially Finished, Walk-Out, Walk-Up

Interior Features

Laundry Level
Lower Level
Interior Extras
Primary Bedroom - Main Floor, Storage Area Lockers, Water Heater
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None
Property Features
Park, Ravine, Public Transit

Building

Building Type
Multiplex
Building Style
2 1/2 Storey
Approx Age
100+

Construction

Exterior Finish
Aluminum Siding, Brick
Roof
Asphalt Shingle
Foundation Details
Brick
Special Designation
Unknown

Lot

Lot Front
17.21 ft
Lot Depth
135.50 ft
Lot Size
2332

Inclusions

Inclusions
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.

Exclusions

Exclusions
Unit 2: Window Air Conditioner and Freezer (Belongs to Tenant)

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
1
Total Garage And Parking Spaces
1

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Wall Unit(s)
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Available
Telephone
Available

Bedrooms
3
Washrooms
4
Kitchens
3

Room sizes

  • Living Room—
    Main level, Hardwood Floor, Sliding Doors, Window
  • Dining Room—
    Second level, Laminate, Window, Combined w/Living
  • Recreation—
    Basement level, Laminate, Open Concept, 2 Pc Bath
  • Kitchen—
    Second level, 2 Way Fireplace, W/O To Deck
  • Bedroom—
    Second level, Laminate, Closet, Bay Window
  • Bedroom—
    Third level, Broadloom, Closet, Window
  • Dining Room—
    Main level, Vinyl Floor, Pot Lights, W/O To Deck
  • Bedroom—
    Main level, Hardwood Floor, Closet, Window
  • Living Room—
    Third level, Broadloom, W/O To Sundeck
  • Kitchen—
    Main level, Vinyl Floor, Pot Lights
  • Living Room—
    Second level, Laminate, Window
  • Kitchen—
    Third level
  • Room—

Washrooms

  • 4-piece, Main
  • 2-piece, Basement
  • 4-piece, Second
  • 4-piece, Third

Municipality
Toronto
Neighbourhood
North Riverdale
Main cross streets
Langley/Pape Ave
Directions
East on Langley Avenue off of Carlaw

MLS® number
E13819058
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-21
Updated on
2026-10-14
Days on market
30 days
Possession type
Flexible
Co-op commission
2.5% + HST + Our Thanks
Seller
Listed by
SAGE REAL ESTATE LIMITED

Home Market Value

Current home valuation for 241 Langley Avenue, Toronto, North Riverdale, Toronto, ON. Listed for $1,099,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 241 Langley Avenue, Toronto, North Riverdale

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Toronto, ON
Minimum Down Payment Required:7.7%

5% on first $500K + 10% on $599,000 over $500K

Minimum down payment

$84,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$40,531$30,662$26,156$0
=Total mortgage
$1,053,809$1,019,762$960,306$879,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$5,145monthly$4,979monthly$4,689monthly$4,293monthly
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Land Transfer Tax

Provincial

$18,455

Municipal (Toronto)

$18,455

Total Land Transfer Tax

$36,910

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