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Palmerston-Little Italy, Toronto
$1,199,000
Savvy Investors and Developers! Don't Miss this Exceptional Opportunity in A High Demand Neighborhood with An Outstanding Walk Score. Charming century 3-storey semi-detached home located just a short 4 minute walk from Ossington Subway Station and steps from the eclectic shops and restaurants along Bloor Street, Steps to Christie Station, Koreatown, Little Italy and Harbord Village. Full of original character and charm. Fully-fenced backyard. Detached 1.5 garage via laneway was constructed about 15 years ago (garage door remote included). Basement apartment about 8ft high with separate entrance. Basement renovation and addition in the back is about 10 years old. With over 2100 sqft above grade living space, 5+1 spacious bedrooms, a finished basement apartment with a separate entrance, and a fenced backyard leading to a detached garage with laneway access, this property offers immense potential. Simply clearing out the current items and do some cosmetic updates-applying a fresh coat of bright, modern paint will instantly transform the space and maximize its value. Whether you're looking to a laneway house or convert into 4 self-contained units, generate strong rental income across multiple suites or redevelop and maximize the lot's value, the possibilities are endless. Perfect for developers, contractors, investors or multi-generational living. (some of the photos are virtually staged)
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| Type | Semi-Detached |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,642 |
| Lot Size | 16.5 ft x 125 ft |
| mls© Number | C13724446 |
| Listed By | RIGHT AT HOME REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,137
- Property tax
- $637
- Heat allowance
- $150
- Housing costs
- $6,924 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$213,000
gross annual household income
- Payment at 4%
- $5,046 / mo
- Cash down
- $239,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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