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.
Listing alert! A sought-after street in the Beaches, a beautifully treed lot and room to make it your own! Welcome to 71 Lyall Avenue, where generous living spaces, inviting outdoor retreats and a versatile layout come together. Set on a deep 28' x 149' lot, this three-story semi-detached home offers three spacious bedrooms, two kitchens and three bathrooms, with potential to convert back to a legal duplex, subject to applicable approvals. Gas fireplaces on the main and second floors create warm, welcoming settings for quiet evenings and gatherings with family and friends. The home's impressively large bedrooms offer space to unwind, with generous proportions that are a welcome find in an older home. Two kitchens add flexibility to the layout, with the second-floor kitchen opening directly to a large deck and BBQ area. From preparing a meal to dining outdoors, this connection makes summer entertaining easy. The primary bedroom occupies a large third-floor loft, creating an expansive retreat with a three-piece ensuite and a charming old-fashioned electric fireplace. Step outside to the third-floor breakfast deck for morning coffee among the treetops or a quiet moment at the end of the day. Outdoors, the fully fenced backyard is framed by large trees and mature landscaping, creating a lush escape with room to garden, play, host friends or simply relax. The exceptional lot depth offers an outdoor setting to enjoy throughout the seasons, while decks on both upper levels provide additional places to dine and unwind. A clean, dry, unfinished basement offers abundant storage for seasonal items, sporting equipment and everyday extras. Enjoy the home's space and flexibility as it stands, personalize it to suit your lifestyle, or explore its future duplex possibilities. With three story's of living space, two kitchens, three fireplaces and outstanding outdoor areas, this is a distinctive opportunity to put down roots on a coveted Beaches street.
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Estimated Rental Income
Rental estimate coming soon
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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$6,247/mo
Mortgage (principal + interest)$5,780
Property taxFrom listing: $5,609/yr$467
Minimum 20% ($309,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$309,000
Ontario land transfer taxProvincial brackets, no first-time refund$27,375
Toronto land transfer taxMunicipal brackets, no first-time refund$27,375
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$366,550
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.
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