MLS® listing
140 Ascot Avenue: duplex for sale
$1,650,000
From the listing brokerage
*** Visit the REALTOR website for further information about this Listing *** A rare gem with endless possibilities: Two move-in-ready family homes on one large lot in coveted Corso Italia - lived in and loved by two brothers and their growing families over the last 12 years, now ready for its next chapter. Ideal for multigenerational living, easy co-ownership, or live in one home while renting the other as a powerful income support. The property offers warm, spacious family living on one of Corso Italia's best streets. The main home features open living/dining area along with a number of recent renovations - updated kitchen and finishes, new tiles, staircase, vinyl siding - 3 upstairs bedrooms and renovated 3-piece bath. Finished basement features open rec room with new vinyl flooring, 4th bedroom (currently used as storage), renovated 3-piece bathroom, washer/dryer. Potential for partial-unit short-term rental operation (buyer to verify current bylaws and registration). In the rear laneway, is a 2-storey home built in 2021. Not your average "laneway suite," this build maximizes as-of-right bylaw providing identical above grade square footage to the main house. Single car parking pad leads to private entrance and into open-concept layout, with oversized windows, patio doors, quartz kitchen countertops, marble backsplash, main floor powder room, and stacked washer/dryer. Bright second floor with 2 skylights, master bedroom with walk-in closet & 3-piece ensuite, two additional bedrooms and 3-piece bath. Energy-efficient with iFlow HVAC, tankless heater, LED lighting, and NEMA 6-15 Tesla charger outlet. Beautiful shared backyard perfect for family barbecues, kids' play, or quiet coffee - all on one easy-to-manage lot. Steps to shops, restaurants, parks, schools and transit in vibrant Corso Italia. Own a piece of Toronto that truly works for your family and your future.
Facts on the listing
| Square feet | 1500-2000 |
|---|---|
| Style | 2-Storey |
| Basement | Finished, Full |
| Lot width | 18 |
| Lot depth | 120 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 1 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 2 |
| Property tax | $6,986 |
| Tax year | 2025 |
| Parking | Available |
| Interior features | Carpet Free, ERV/HRV, Floor Drain, Guest Accommodations, In-Law Suite, Storage, Water Heater |
| Features | Electric Car Charger, Fenced Yard, Place Of Worship, Public Transit, Rec./Commun.Centre, School |
Listing courtesy of EASY LIST REALTY LTD.. MLS® W13145942.
About this duplex
140 Ascot Avenue is a 7 bedroom duplex in TRREB's Corso Italia-Davenport community in Toronto, listed for sale at $1,650,000. The listing shows 5 bathrooms and 1500-2000 square feet. The style is given as 2-storey. The lot is listed as 18 by 120 feet. The listing gives the basement as finished, full. It comes with 1 parking space according to the listing. The nearest main intersection given is St. Clair West Ave & Lansdowne Ave.
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 140 Ascot Avenue
At the asking price of $1,650,000, 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 | $1,650,000 |
|---|---|
| Ontario land transfer tax | $29,475 |
| Toronto municipal land transfer tax | $29,475 |
| Both taxes | $58,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $330,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. 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 (2025) | $6,986 a year, about $582 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, 18 by 120 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 2 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.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 140 Ascot Avenue
How much is land transfer tax on 140 Ascot Avenue?
At the asking price of $1,650,000 the Ontario tax is $29,475 and the Toronto tax is $29,475, $58,950 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 140 Ascot Avenue?
$330,000 at the asking price of $1,650,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 140 Ascot Avenue?
The listing shows $6,986 a year for 2025, about $582 a month.
How do I book a showing for 140 Ascot Avenue?
Use the form on this page or call us. Quote MLS® W13145942. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 140 Ascot 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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