MLS® listing
241 Langley Avenue: triplex for sale
$1,099,000
From the listing brokerage
**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 neighbourhoods. 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. The owner would like to remain and is prepared to discuss a purchase arrangement providing a credit equivalent to two years' rent for the suite, or vacant possession is also an option. 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 neighbourhood. 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.
Facts on the listing
| Square feet | 1500-2000 |
|---|---|
| Approximate age | 100+ |
| Style | 2 1/2 Storey |
| Basement | Partially Finished, Walk-Out, Walk-Up |
| Lot width | 17.21 |
| Lot depth | 135.5 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 1 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Wall Unit(s) |
| Kitchens | 3 |
| Property tax | $6,798 |
| Tax year | 2026 |
| Parking | Private |
| Interior features | Primary Bedroom - Main Floor, Storage Area Lockers, Water Heater |
| Features | Park, Ravine, Public Transit |
Listing courtesy of SAGE REAL ESTATE LIMITED. MLS® E13819058.
About this triplex
241 Langley Avenue is a 3 bedroom triplex in TRREB's North Riverdale community in Toronto, listed for sale at $1,099,000. The listing shows 4 bathrooms and 1500-2000 square feet. The style is given as 2 1/2 storey. The lot is listed as 17.21 by 135.5 feet. The listing gives the basement as partially finished, walk-out, walk-up. It comes with 1 parking space according to the listing. The nearest main intersection given is Langley/Pape Ave. The age is listed as 100+ years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 241 Langley Avenue
At the asking price of $1,099,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1,099,000 |
|---|---|
| Ontario land transfer tax | $18,455 |
| Toronto municipal land transfer tax | $18,455 |
| Both taxes | $36,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $84,900 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $6,798 a year, about $567 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 17.21 by 135.5 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 3 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About Riverdale
Two TRREB communities east of the Don River, with four Line 2 stations along the north edge and four streetcar routes running east and west. Semi-detached houses are the largest single group of sales.
Transit: Line 2 Bloor Danforth at Broadview, Chester, Pape and Donlands stations; 501 Queen, 504 King, 505 Dundas and 506 Carlton streetcars; 72 Pape bus
| Property type | Median | Sales and average |
|---|---|---|
| North Riverdale: all property types | $1,799,000 | 37 sales, average $1,864,965 |
| North Riverdale: semi-detached | About $1,780,000 | 26 sales, average about $1,829,000 |
| North Riverdale: detached | About $2,400,000 | 8 sales, average about $2,303,000 |
| South Riverdale: all property types | $1,257,500 | 122 sales, average $1,247,653 |
| South Riverdale: detached | About $1,805,000 | 17 sales, average about $1,856,000 |
| South Riverdale: semi-detached | About $1,464,000 | 40 sales, average about $1,441,000 |
| South Riverdale: freehold townhouse (TRREB att/row/townhouse) | About $1,297,000 | 23 sales, average about $1,404,000 |
| South Riverdale: condo townhouse | About $705,000 | 11 sales, average about $834,000 |
| South Riverdale: condo apartment | About $605,000 | 31 sales, average about $696,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Riverdale
Is Riverdale a good place to live?
On transit and housing choice it covers a lot of ground. There are four Line 2 stations and four streetcar routes and from April to June 2026 South Riverdale alone recorded sales in every property type from condo apartments near $605,000 to detached houses near $1,805,000 (TTC, TRREB).
What is the difference between North and South Riverdale?
TRREB reports them separately. From April to June 2026 North Riverdale had 37 sales at a median of $1,799,000, mostly semi-detached houses, while South Riverdale had 122 sales at a median of $1,257,500 across a wider mix that includes condos.
How much is a semi-detached house in Riverdale?
From April to June 2026 the semi-detached median was about $1,780,000 across 26 sales in North Riverdale and about $1,464,000 across 40 sales in South Riverdale (TRREB). These are chart readings, so treat them as approximate.
How many subway stops is Riverdale from Union station?
From Broadview station it is 3 stops west on Line 2 to Bloor-Yonge, then 6 stops south on Line 1 to Union, 9 stops in all (TTC map).
Is Riverdale a heritage conservation district?
Part of it is. The City of Toronto designated the Riverdale heritage conservation district in 2008 and says it contains some of the earliest properties on the east side of the Don River. Check whether a specific address falls inside it before planning exterior changes.
Are there condos in Riverdale?
Mostly in South Riverdale, which had 31 condo apartment sales and 11 condo townhouse sales from April to June 2026. North Riverdale recorded 1 condo apartment sale in the same period (TRREB).
Read the Riverdale neighbourhood guide · All Riverdale homes for sale
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Questions about 241 Langley Avenue
How much is land transfer tax on 241 Langley Avenue?
At the asking price of $1,099,000 the Ontario tax is $18,455 and the Toronto tax is $18,455, $36,910 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 241 Langley Avenue?
$84,900 at the asking price of $1,099,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 241 Langley Avenue?
The listing shows $6,798 a year for 2026, about $567 a month.
How do I book a showing for 241 Langley Avenue?
Use the form on this page or call us. Quote MLS® E13819058. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 241 Langley Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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