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Lawrence Park South, Toronto
$1,799,000
Great opportunity to own a beautiful legal triplex in a highly sought-after area. This building includes three self-contained apartments. Main floor unit is vacant and ready for occupancy. Perfect for a live-in user. Basement can be converted into another unit for additional income. Garage spaces for two cars and two outdoor parking spots. Laundry room and storage is located in the basement. Main floor is vacant, second and third-floor apartments are occupied. This property presents a unique opportunity to live in while providing a good rental income. Tenant demand in this area is high. Vacancies typically draw multiple qualified applications. This is a very rare opportunity. Income and expense statement is available.
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| Type | Semi-Detached |
| Style | 2 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 3500-5000 sq. ft. |
| Property Tax | $10,957 |
| Lot Size | 37.06 ft x 101.98 ft |
| mls© Number | C13878162 |
| Listed By | RE/MAX PREMIER INC. |
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%
- $9,208
- Property tax
- $913
- Heat allowance
- $150
- Housing costs
- $10,271 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$316,000
gross annual household income
- Payment at 4%
- $7,570 / mo
- Cash down
- $359,800
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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