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Corso Italia-Davenport, Toronto
$998,800
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,153 |
| Lot Size | 24.89 ft x 140.04 ft |
| mls© Number | W13834958 |
| Listed By | ROYAL LEPAGE SIGNATURE 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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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