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New3 hours ago

83 Ashburnham Road

Corso Italia-Davenport, Toronto

$998,800

Detached|2-Storey
9 | 3 | 10
About this home

An Opportunity Worth A Closer Look In Corso Italia-Davenport. Welcome To 83 Ashburnham Rd, A Legal Triplex Situated Just Steps From St. Clair Ave W & Dufferin St, Offering A Rare Combination Of Lot Size, Parking, Location And Long-Term Investment Potential.Set On An Impressive 24.98 x 140.04 Ft Rectangular Lot, The Property Features Three Legal Residential Units, A Walk-Up Basement Entrance And Exceptional Parking For Approximately 10 Vehicles, With A Long Asphalt Driveway Leading To A Substantial Paved Parking Area At The Rear.The Property Is Being Offered AS IS, WHERE IS, With The Existing Occupants Remaining On Closing. It Is Not Being Presented As A Turnkey Investment And That Is Reflected In The Asking Price. For A Buyer Prepared To Take On The Existing Tenancy And The Work Associated With Repositioning The Property Over Time, The $998,800 Asking Price Represents A Compelling Entry Point Into A Legal Multi-Unit Property In An Established Toronto Neighbourhood.Conveniently Located Near St. Clair West, TTC, Restaurants, Cafés, Shopping, Schools And Parks, With The Character And Amenities That Make Corso Italia-Davenport Such A Desirable Community.Legal Triplex Nearly 25-Ft Frontage Basement 140-Ft Deep Lot Approx. 10-Car Parking. Walk-Up Guest House / Second Dwelling Option. Flexible Closing $998,800 There Is Work To Be Done, But There Is Also Significant Property Here To Work With. For The Right Buyer With Vision And Patience, 83 Ashburnham Rd Offers An Opportunity That Is Increasingly Difficult To Find In Toronto.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$6,153
Lot Size24.89 ft x 140.04 ft
mls© NumberW13834958
Listed ByROYAL LEPAGE SIGNATURE REALTY

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What the bank counts

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

Mortgage, tested at 6%
$5,112
Property tax
$513
Heat allowance
$150
Housing costs
$5,775 / mo

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

Down payment20% · $199,760
25-yr amortization

Income needed

$178,000

gross annual household income

Payment at 4%
$4,203 / mo
Cash down
$199,760

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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