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Greenwood-Coxwell, Toronto
$1,579,000
One property, multiple possibilities...welcome to 87 Rhodes Avenue, a fully renovated detached home with exceptional versatility and income potential. The main and upper levels offer 3 bedrooms and 2 full bathrooms. A bright 2-bedroom lower-level suite has its own kitchen, full bathroom, laundry, two walkouts and separate hydro meter, offering income potential, space for a growing family or multi-generational living. High ceilings, large windows, pot lights and updated flooring throughout. Two decks, including an upper deck for watching stars and fireworks, overlook a deep 32 x 110 ft. lot with private parking for two via mutual drive and potential for a ~1,300 sq. ft. garden suite. Updates include an owned combi boiler with tankless hot water (2025), waterproofing with a 20-year transferable warranty and a fully fenced yard (2024). Rhodes is a close-knit street where Halloween on front porches is a tradition. Walk to Lake Inez, Godspeed and Left Field, parks, the beach, shops and transit, with a quick route downtown. Explore Leslieville, The Beaches and Ashbridges Bay.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,323 |
| Lot Size | 32 ft x 110 ft |
| mls© Number | E14084008 |
| Listed By | RE/MAX HALLMARK RICHARDS GROUP 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%
- $8,082
- Property tax
- $527
- Heat allowance
- $150
- Housing costs
- $8,759 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$270,000
gross annual household income
- Payment at 4%
- $6,645 / mo
- Cash down
- $315,800
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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