The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
~~ RARE OPPORTUNITY ~~ - LIVE, RENT & INVEST! IDEAL STARTER HOME WITH INCOME POTENTIAL! Whether you're a first-time homebuyer, growing family, or savvy investor, this versatile 7-bedroom property offers an incredible opportunity to enter the real estate market, generate rental income, and build long-term equity! ~~ BRING YOUR VISION!~~ This property requires TLC and presents the perfect opportunity to renovate, customize, and upgrade to your personal taste while unlocking its full potential. Create your dream home while benefiting from the flexibility of additional living space and income-generating opportunities. ~~ PROPERTY HIGHLIGHTS~~ :Upper Levels: 5 bedrooms, 2 washrooms, 1 kitchen. Lower Levels: 2 bedrooms, 1 washroom, 1 kitchen. ~~ RENTAL INCOME POTENTIAL~~ : Up to $7,000/month (subject to market conditions and applicable rental requirements). ~~ FLEXIBLE LIVING~~ : Live in one portion and potentially rent out the other to help offset mortgage expenses, or explore full-property investment opportunities. ~~ VALUE-ADD POTENTIAL~~ : Renovate and personalize to your liking while building equity through strategic improvements. ~~ PRIME LOCATION~~ ! Conveniently situated near Canadian Memorial Chiropractic College (CMCC), Tyndale University, Seneca College Newnham Campus, shopping, amenities, and TTC transit connections, making this an attractive location for homeowners, students, and tenants alike. ~~ WHY PAY SOMEONE ELSE'S MORTGAGE WHEN YOU CAN BUILD YOUR OWN EQUITY? ~~ An excellent opportunity for first-time buyers looking to make homeownership more affordable, families seeking flexible living arrangements, or investors looking for a property with significant upside potential. ~~ DON'T MISS THIS OPPORTUNITY TO TRANSFORM A PROPERTY INTO YOUR IDEAL HOME AND LONG-TERM INVESTMENT! ~~ Bring your creativity, add your personal touches, and unlock the possibilities!
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,422/mo
Mortgage (principal + interest)$2,951
Property taxFrom listing: $5,647/yr$471
Minimum $53,889 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$157,778
Ontario land transfer taxProvincial brackets, no first-time refund$12,253
Toronto land transfer taxMunicipal brackets, no first-time refund$12,253
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$185,084
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
