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Listed 2 months ago

14 Afton Avenue

Little Portugal, Toronto

$1,349,000

Semi-Detached |2-Storey
2 | 2 | 2
About this home

Mixed-use corner property in prime Little Portugal/Beaconsfield Village, steps to Queen W, Ossington & Trinity Bellwoods. ~1,200 sf ground-flr retail storefront, now VACANT: owner-user, cafe, gallery, office, studio, specialty retail or lease at market. Commercial use legalized via site-specific zoning exception. Renovated 2nd-flr residential unit (2023: bath, flooring, electrical) tenanted at $2,500/mo, below area rents. Deep corner lot w/ Lisgar St frontage & exposure. Value-add in hand: architectural drawings for residential conversion + CofA-approved 2-car garage off the laneway, a rare approval on this street; laneway suite potential. Recent roof repairs & basement structural reinforcement; basement gutted, a clean slate. Classic 1894 brick w/ full storefront exposure. Live/work, invest, convert or hold. Drawings, CofA decision, financials & floor plans available. Buyer to verify zoning, measurements & permitted uses.

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agent
Angela Montano
(647) 283-2643
TypeSemi-Detached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$9,878
Lot Size17.58 ft x 90 ft
mls© NumberC13422714
Listed ByFOREST HILL REAL ESTATE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,905
Property tax
$823
Heat allowance
$150
Housing costs
$7,878 / mo

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

Down payment20% · $269,800
25-yr amortization

Income needed

$242,000

gross annual household income

Payment at 4%
$5,677 / mo
Cash down
$269,800

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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