This meticulously maintained 2-storey multiplex offers a flexible layout of separate self-contained living spaces across three levels, each with its own kitchen and entrance access - ideal for investors, multi-generational families, or owner-occupiers looking to offset their mortgage with rental income. With 3+ bedrooms, 8 washrooms, and roughly 3,200 sq ft of total living space, this well-built 2001 home was designed for flexible & income-generating use. The main and second floors feature bright, spacious principal rooms, generous closets, a walk-out balcony from the primary bedroom, and a walk-out to a covered front porch, while the lower level offers a separate entrance and two additional bedrooms - perfect for extended family living or as a rented unit. Currently partially tenanted, the property offers immediate holding income with room to lease additional space, giving buyers flexibility to configure the property to suit their own plans. Set on a generous 39.5 x 106.5 ft lot, the property includes a detached 1.5-car garage with potential for additional parking income. Forced air gas heat, central air conditioning, municipal water and sewers, & an owned water heater round out the mechanicals. The property is currently zoned Residential Detached (RD) and fronts Donlands Ave, a City-identified major street; under Toronto's current Major Streets Zoning By-law, qualifying RD-zoned lots on designated major streets may permit small-scale apartment buildings up to six storeys and up to 60 units as-of-right, with significantly reduced parking requirements - a meaningful policy-driven upside for buyers considering redevelopment or intensification, though actual permitted density and unit yield for this specific lot should be independently confirmed with the City and a qualified planner. Steps to Donlands Subway Station on Line 2, with the future Ontario Line's Cosburn Station (Pape & Cosburn) currently under construction.
Address
454 Donlands Avenue
List Price
$1,495,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto E03
Sub-Area
East York
Region
Toronto
Bathrooms
8
Lot Size Source
MPAC
Lot Depth
106.5
Lot Type
Lot
Lot Size Units
Feet
Lot Width
39.5
Parcel Number
103800401
Total Building Area
2365
Occupant Type
Tenant
Cross Street
Donlands Ave & O'Connor Dr
MLS® Number
E13632180
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Basement
Yes
Postal Code
M4J 3S5
Posession Details
TBA
Parking Spaces
1
Tax Amount
$7,473.61
Tax Year
2026
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Single Detached