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RARE opportunity in Lawrence Park North.

List Price

$1,450,000

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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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