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Listed 1 month ago

2275 Queen Street E

The Beaches, Toronto

$1,749,000

Semi-Detached |2 1/2 Storey
5 | 5 | 4
About this home

Terrific Opportunity to Acquire a Well Maintained Semi-Detached Purpose Built Solid Brick Duplex with two accessory units in a great Queen St. East location in the very heart of The Beach. With this CR Zoning (Commercial/Residential Uses), this property is perfect for a variety of uses, including (but not limited to) Professional Office(s) - Perfect for Live-in and Rent-Out; Work from home uses or keep as an sturdy Investment property. A unique flexible floor plan allows for multiple units, with 4-car parking at the rear of the building via wide public laneway (2 in Garages and 2 in front of garages). The Main Floor 2-bdrm unit offers a large rear private deck. The 2nd floor is split into 2-units but can easily be converted back to a single unit encompassing the bright 3-floor addition to make an expanded owner occupied unit or larger rental unit. The basement has good height and currently contains 2 units (1 vacant) including a small bachelor apt. The long-time owners have upgraded many features, yet retained the lovely character including the wonderful oak trim & hardwood floors. This is one of the last remaining purpose-built duplexes on Queen St East, and is an exciting option for a saavy Investor. Don't miss this Opportunity!

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agent
Jonathan Lee
(647) 983-0770
TypeSemi-Detached
Style2 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,220
Lot Size22.5 ft x 110 ft
mls© NumberE13515742
Listed ByROYAL LEPAGE ESTATE REALTY

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%
$8,952
Property tax
$602
Heat allowance
$150
Housing costs
$9,704 / mo

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

Down payment20% · $349,800
25-yr amortization

Income needed

$299,000

gross annual household income

Payment at 4%
$7,360 / mo
Cash down
$349,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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