Brick Bungalow with Income Suite on 33x120 Lot in Toronto

Property details for 151 Lanyard Road, Toronto

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 33 x 120 FT
Stories: 1
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $3,683

First time on the market after 60 years, this all-brick bungalow is a rarity. The main floor has hardwood underfoot (carpet-free) and three generous bedrooms, plus a combined living and dining area that feels bright thanks to vinyl windows. But the real story is downstairs: a finished basement with its own kitchen, full bath, family room, and a brick, wood-burning fireplace. It has a separate entrance, so you could easily rent it out or host in-laws. With two cold cellars and above-grade windows, this space doesn't feel like a typical basement. Upgrades include a newer roof, a heat pump, updated 100-amp panel, and central air. Outside, the private driveway holds up to 5 cars, and there's a 1.5-car detached garage. The lot is 33 x 120 feet, so there's room to garden or maybe add a laneway suite (check zoning). The 2,000+ sq ft total (main plus basement) offers serious flexibility. Located near the Finch LRT and major highways, it's a 5-minute drive to Westview Centennial SS and Pine Point Park. Taxes run about $3,683/year. For under $880K in Toronto, this is a solid value, especially with the income potential.

About 151 Lanyard Road, Toronto — Property Score

Hot Market Well Priced

Score: 69/100

Value

Priced 26.7% below area median of $1,200,000 based on 489 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

3,960 sqft lot - a compact lot for the area 55

Location

$65K median household income - near the Canadian average of $70K 63

74% of residents hold postsecondary credentials - a highly educated neighbourhood 83

83% homeownership rate - indicating a stable, owner-occupied community 88

52% of residents commute under 30 minutes - good commuting convenience 72

8,025/km² population density - an urban neighbourhood 65

Market

Just listed - area average is 46 days on market 100

+14984.7% median price change over 1 month - rising prices in the area 100

33 months of housing supply - 3070 active listings with 93 sold last month (buyer's market) 40

Features

5-car garage - more than the area average of 4.2 spots 95

Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.42% effective tax rate ($3,683/yr) - very low tax burden 87

15% renter population - primarily owner-occupied area 48

Quality

Condition

Listing

21 photos provided - below the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.