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List Price
$1,450,000

LIVE IN THIS PROPERTY FOR AS LOW AS
$1500
PER MONTH
Why we love it.
Leverage the 3 current units to live affordably and build long term wealth.
This is a truly rare opportunity to affordably own a fully detached home in one of Toronto’s most coveted neighbourhoods. Featuring two above-grade units and a basement suite, this property offers immediate rental income to offset monthly costs while building long-term equity, which can be used to update and convert the property into a dream single family home when the time is right. With the ability to add a garden suite down the road, this property checks off every single box.
BY THE NUMBERS
Property details & financials.
Monthly Mortgage
$5500
Monthly Taxes & Utilities
$1000
Monthly Rental Income
$5000
Total Monthly Carrying Costs
$1500
% Of Mortgage Covered by Rent
91%
Property Details
Property Type
Fully Detached
Bedrooms
4 + 1
Bathrooms
3
Lot Size
29 x 120
ADU Potential?
Yes
Total Rent Collected After 5 Years
$300,000
With ADU Addition
(If Qualified)
Loan Amount
$400,000
Monthly Loan Payment
$2200
Monthly Rental Income
$4200
Monthly Cashflow
$2000
Mortgage is based on a 20% downpayment with a 30 year amortization and a 4.1% rate. ADU financing is based on the same terms and a build cost of $400 per square foot.
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