558 Lansdowne Dr

About this Property

Legal 6-Plex. 5.92% CAP. Turnkey Investment in High-Demand Neighbourhood. Well-maintained, all-brick legal 6-unit building on a large 75' x 136' lot. Features 5 spacious 2-bedroom units and 1 one-bedroom unit, each with its own bathroom (five 4-piece and one 3-piece), private storage locker, and dedicated parking spot. Four units include private balconies.Recent updates include a new Goodyear White Membrane flat roof, some windows, flooring, appliances, paved driveway, glass sliding doors, and flooring. All units have 60-amp panels.Additional highlights: on-site coin laundry, solid terrazzo staircases (front & rear) with fire-code compliant doors/locks, and excellent access throughout. Tenants pay hydro & hot water: landlord pays heat. 7 parking spots total with room for more.This turnkey property is currently occupied by A++ long-term tenants and offers a 5.43% cap rate with strong upside potential for increased returns over time. Located in a quiet, highly desirable neighbourhood - walking distance to schools, Costco Plaza, and all amenities.

Listing Details

MLS #

E13503278

Board

PROPTX

Market

ontario

Property Type

Multiplex

Style

2 1/2 Storey

Garage

None

Parking Spaces

7

Basement

Apartment, Finished

Heating

Baseboard

Cooling

Window Unit

Pool

None

Lot Size

75 × 136.5 ft

Annual Taxes

$12,242/yr

Listed By

CENTURY 21 WENDA ALLEN REALTY

Listed On

June 29, 2026

Features & Extras