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New3 hours ago

24 Acorn Avenue

Islington-City Centre West, Toronto

$1,299,000

Detached|Bungalow
3 | 3 | 4
About this home

Exceptional Opportunity in Toronto! Welcome to 24 Acorn Avenue, an extensively upgraded bungalow offering over 2,500 sq. ft. of total finished living space and outstanding flexibility for families, multi-generational living or investors. The main floor features 3 spacious bedrooms, a separate kitchen and a bright, functional layout designed for comfortable everyday living.The finished basement offers 2 additional bedrooms, its own kitchen, two separate entrances and the potential for two separate living/rental arrangements, providing excellent flexibility and income potential. With multiple living areas and independent access points, this property presents a unique opportunity for buyers looking to live, invest, or combine both under one roof.2 Situated on a generous frontage with parking for 4 vehicles, the property is located in a highly convenient Toronto neighbourhood with excellent connectivity to major highways and routes, shopping, restaurants, transit and everyday amenities. 5 Bedrooms 2 Kitchens Basement Entrances 4-Car Parking 2,500+ Sq. Ft. Finished Living Space. A rare combination of space, upgrades, accessibility and income potential-24 Acorn Avenue is an opportunity you don't want to miss! the upstairs unit is rented for $3000, along with the basement income. Both tenants are willing to stay or leave based on the buyer's preference. Key Highlights & Income Potential Extensively Renovated & Expanded: Seamlessly extended to appro ~1,200 sqft per floor (~2,500 sqft total living space across the main floor and basement), Immediate Rental Income: The fully finished basement is currently generating $2,100/month. Premium, Independent Basement Layout In-Unit Laundry: Equipped with its own dedicated washer and dryer, ensuring tenants do not have to share laundry facilities.

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nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,785
Lot Size35 ft x 110 ft
mls© NumberW13875826
Listed ByHOMELIFE/MIRACLE 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
$399
Heat allowance
$150
Housing costs
$7,198 / mo

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

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

Income needed

$221,000

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

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