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Cliffcrest, Toronto
$1,299,000
Welcome to 61 Minerva Avenue, a Monarch-built detached home constructed in 2010 to LEED H standards in Monarch's Evergreen community, offering 4+2 bedrooms, 5 bathrooms and over 3,000 sq. ft. of finished living space designed to keep utility bills lower. The bright main level features hardwood floors, living and dining rooms, a breakfast area, and a family-sized kitchen with granite countertops, upgraded cabinetry, stainless steel appliances and a double sink. Upstairs offers 4 bedrooms, 3 full bathrooms and laundry, including two ensuites and a primary retreat with walk-in closet, glass-door shower, and a connected second bedroom ideal as a nursery or office. The renovated basement adds 2 bedrooms, a full bathroom, a kitchenette, second living room and two storage rooms, with future potential to legalize as a secondary suite by adding a separate entrance. Outside, enjoy one of the neighbourhood's deepest lots, a large backyard, an upgraded garden shed and a double car garage with electric opener. Updates include a new furnace (2025), basement renovation (2018), newer appliances, & a full professional paint (2026). Located in sought-after Cliffcrest near RH King Academy, TTC, shopping, parks and Scarborough GO, with an approximate 20-minute ride to Union Station. This investor-ready home has been leased at $4,750/month ($57,000/Year) + all utilities to AAA tenants starting December 1, 2026, ideal for investors or move-up buyers planning to upgrade in a few years who want rental income while they wait.
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 6-15 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,432 |
| Lot Size | 34.45 ft x 131.99 ft |
| mls© Number | E14129414 |
| Listed By | LPT 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%
- $6,649
- Property tax
- $536
- Heat allowance
- $150
- Housing costs
- $7,335 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$226,000
gross annual household income
- Payment at 4%
- $5,466 / mo
- Cash down
- $259,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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