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New2 hours ago

1342 Avenue Road

Lawrence Park South, Toronto

$1,799,000

Semi-Detached |2 1/2 Storey
6 | 3 | 4
About this home

Great opportunity to own a beautiful legal triplex in a highly sought-after area. This building includes three self-contained apartments. Main floor unit is vacant and ready for occupancy. Perfect for a live-in user. Basement can be converted into another unit for additional income. Garage spaces for two cars and two outdoor parking spots. Laundry room and storage is located in the basement. Main floor is vacant, second and third-floor apartments are occupied. This property presents a unique opportunity to live in while providing a good rental income. Tenant demand in this area is high. Vacancies typically draw multiple qualified applications. This is a very rare opportunity. Income and expense statement is available.

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agent
Jonathan Lee
(647) 983-0770
TypeSemi-Detached
Style2 1/2 Storey
Approx. Age51-99
Size3500-5000 sq. ft.
Property Tax$10,957
Lot Size37.06 ft x 101.98 ft
mls© NumberC13878162
Listed ByRE/MAX PREMIER INC.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$9,208
Property tax
$913
Heat allowance
$150
Housing costs
$10,271 / mo

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

Down payment20% · $359,800
25-yr amortization

Income needed

$316,000

gross annual household income

Payment at 4%
$7,570 / mo
Cash down
$359,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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