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New2 hours ago

742 Dufferin Street

Dufferin Grove, Toronto

$1,299,900

Semi-Detached |2 1/2 Storey
3 | 3 | 3
About this home

Excellent investment opportunity with cash flow! This well-maintained semi-detached building is a multi-use property that offers generous space in each of the 3 units, a flexible layout and private laundry in 2 of the units. It is ideal for investors looking to maximize rental income and long-term value, and, in addition to helping offset mortgage and expenses, keeping all 3 units rented. Some of the options are to live in one unit while renting out the others or use the parking lot for a potential extension of an additional 3 rental units (subject to municipal approvals and permits). With 3 parking spaces at the rear, this property is conveniently located within walking distance of the subway station and is a 5-minute walk from Dufferin Mall. It is in the heart of restaurants, grocery stores, schools and everyday amenities, while being a very short distance from Downtown/Toronto. There is the convenience of public transit at your door, located at the intersection of Dufferin and College, major streets. Conveniently, at the rear of the building, you also have public parking for your guests or clients. With this excellent location, versatile layout, multiple income possibilities and future development potential, this is a fantastic location opportunity for investors seeking to live and have your business at the same location or for investment that will provide you with cash flow, equity growth and long-term appreciation. Don't miss this great opportunity to obtain a property which offers various options for investment returns.

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agent
Angela Montano
(647) 283-2643
TypeSemi-Detached
Style2 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,525
Lot Size16.92 ft x 100.13 ft
mls© NumberC13763020
Listed ByRE/MAX METROPOLIS REALTY

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%
$6,653
Property tax
$460
Heat allowance
$150
Housing costs
$7,264 / mo

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

Down payment20% · $259,980
25-yr amortization

Income needed

$224,000

gross annual household income

Payment at 4%
$5,470 / mo
Cash down
$259,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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