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New3 hours ago

80 Northcote Avenue

Little Portugal, Toronto

$2,375,000

Detached|2-Storey
3 | 4 | 2.5
About this home

Urban oasis in Downtown Toronto! Stunnin g 2 storey detached home featureing 3 spacious bedrooms, 3 stylish bathrooms, and a private backyard deck perfect for BBQs and entertaining. the huge detached garage comfortably fits 2 large vehicles plus additional storage. Now vacant and move-in ready, the home has been extensively refreshed and restored following the departure of the previous tenants and is showing beautifully. A rare bonus, the fully self-contained lower-level apartment is also currently vacant and was previously rented for $2,400/month, offering excellent income potential.Keep it as a separate rental suite, use it for extended family or guests, or easily reintegrate it into the main home if desired. Ideally located steps from cafés, boutiques, restaurants, parks, and green spaces. With both the main residence and lower-level suite now vacant, buyers have complete flexibility to move in, rent one or both spaces, or enjoy the entire property as a single-family home. Privacy, style, income potential, and convenience all in one exceptional property. Book your showing today!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,710
Lot Size20 ft x 113 ft
mls© NumberC13802630
Listed ByFOREST HILL REAL ESTATE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$12,156
Property tax
$726
Heat allowance
$150
Housing costs
$13,032 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $475,000
25-yr amortization

Income needed

$401,000

gross annual household income

Payment at 4%
$9,994 / mo
Cash down
$475,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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