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Listed 1 month ago

1587 DUFFERIN Street W

Corso Italia-Davenport, Toronto

$1,299,000

Detached|2-Storey
5 | 3 | 3
About this home

Rare 2.5-storey detached house on a huge 32 x 120-foot lot in popular Corso Italia! This large home offers massive potential for families or savvy investors. It features a great layout with a separate basement entrance and a huge third-floor loft. You can easily convert this space into 3 separate modern apartments to generate over $6,000 per month in rent. It is the perfect mortgage helper or multi-generational home. The deep lot gives you tons of space for a big rear addition, a trendy garden suite, or a brand-new custom home from scratch. Create your own private backyard oasis! Enjoy a head start with a brand-new roof (2023) and fresh interior paint throughout. Located just steps from St. Clair Ave West transit, great local dining, and neighbourhood shops. A true hidden gem with endless possibilities!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,375
Lot Size9.55 metres x 36.8 metres
mls© NumberW13522806
Listed BySUPERSTARS REALTY LTD.

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
$615
Heat allowance
$150
Housing costs
$7,413 / mo

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

Down payment20% · $259,800
25-yr amortization

Income needed

$228,000

gross annual household income

Payment at 4%
$5,466 / mo
Cash down
$259,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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