$749,000
FOR SALE

Semi-Detached Bungalow

Bedrooms: 5Bathrooms: 3Lot: 30.5 x 100 ft
2025 Taxes: $3,548

137 Newlands Ave
Toronto, ON M1L 1S2 | Clairlea-Birchmount

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.
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Listed By RE/MAX KEY2 REAL ESTATE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E13083958
Last Updated May 11, 2026
Property Summary
Property Type Semi-Detached

More like this:
PIN 064490141
Legal Description Plan M697 Pt Lot 1
Possession Date Immediate
Taxes (2025) $3,548
Directions/Cross Streets Birchmount/Stclair/Danforth
Neighbourhood Clairlea-Birchmount
Area Toronto
Price History

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Detailed Information
Fronting On South
Special Designations Other
Bedrooms 5
Bathrooms 3
Rooms 9
Lot 30.5 x 100 ft
Exterior Stone
Air Conditioning Central Air
Basement Apartment, Finished
Garage Type None
Parking Spaces 3
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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