$749,000Asking Price
137 Newlands Avenue, Toronto E04, ON M1L 1S2
Birchmount Park, Toronto
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.
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.
See MoreKey Info
- Bungalow Semi-Detached
- 3-Car Driveway
- No Garage
- Birchmount/Stclair/Danforth
- 700-1100 Approximate Sq Feet
- Basement: Apartment, Finished
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 30.5 x 100 Feet
- Stone Exterior
- Taxes were $3,548 in 2025
- Possession: Immediate
Details
- No Fireplace
- No Family Room
- Designation: Other
- Sewers
- No Water Source
- MLS #E13083958
- RE/MAX KEY2 REAL ESTATE
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 17.16' x 10.24' | Granite Counters, Eat-in Kitchen, Window |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
Birchmount Park, Toronto is an east Toronto neighbourhood notable for its business and science professionals, salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from China, the Philippines and Bangladesh, and Tagalog and Bengali speakers. Residents tend to be younger with a significant number of babies, kids aged 10 to 14, youth aged 15 to 24 and adults aged 35 to 59.
Families
Kids Per Family
1.4
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
45%
of residents are
single and loving it.
45% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
28%
of residents
are renters.
28% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
41%
of residents are
university grads.
41% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$106K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 19% |
| Business | 12% |
| Government | 8% |
| Trades | 6% |
| Sciences | 6% |
Immigrants
57%
of residents were
born outside of Canada.
57% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
10.4% from Philippines
All-time
Birthplace - Recent
2.2% from China
Recent
Foreign Languages
Foreign Languages
| Bengali | 10% |
| Tagalog | 7% |
| Mandarin | 3% |
| Cantonese | 3% |
| Urdu | 3% |
Religions
Religions
| Christian | 56% |
| Muslim | 16% |
| Hindu | 8% |
| Buddhist | 2% |
Social Housing
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
