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Listed 2 months ago

1089 Dundas Street E

South Riverdale, Toronto

$1,298,000

Freehold Townhouse|3-Storey
2 | 2 | 1
About this home

Rarely offered investment opportunity at the acclaimed Riverdale Lofts! Discover ultimate versatility in this massive, light-filled freehold property offering over 2,100 sq. ft. of premium open-concept space. Boasting a perfect live/work layout or potential duplex setup, this property features two separate entrances, making it ideal for professionals, business owners, or savvy investors looking to live in one unit and rent the other.The architectural flair is unmatched, featuring dramatic floor-to-ceiling windows that flood the space with natural light, a grand solid oak staircase, and rich hardwood floors throughout. Enjoy soaring vertical space with 10-foot ceilings on the main floor and up to 12-foot ceilings on the second level. The highly functional main floor also comes equipped with full kitchen capacity to easily service a storefront, office, or secondary suite. Embrace the vibrant lifestyle with exceptional outdoor living, including a huge private terrace and your own private rooftop deck offering spectacular, unobstructed treetop and neighborhood views.Unbeatable location just steps to Queen Street East, the TTC, boutique shopping, and world-class dining. Truly a unique gem in one of the East End's most desirable pockets!

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agent
Jonathan Lee
(647) 983-0770
TypeAtt/Row/Townhouse
Style3-Storey
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$5,598
Lot Size12.83 ft x 70.65 ft
mls© NumberE13481916
Listed ByAIMHOME REALTY 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%
$6,644
Property tax
$466
Heat allowance
$150
Housing costs
$7,260 / mo

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

Down payment20% · $259,600
25-yr amortization

Income needed

$223,000

gross annual household income

Payment at 4%
$5,462 / mo
Cash down
$259,600

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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