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O'Connor-Parkview, Toronto
$889,000
INCOME POTENTIAL! 16 Guillet Street offers the opportunity to live upstairs while generating rental income from a separate, self-contained lower-level apartment. This freehold brick townhouse has NO CONDO FEES and a welcoming foyer that provides natural separation between the two living spaces - ideal for rental income, mortgage offset, extended family or multi-generational living. The bright upper residence features a spacious open-concept living, dining and kitchen area with updated engineered hardwood floors and a walkout to a private deck. Generously sized bedrooms offer excellent closet space, including a primary bedroom with walk-in closet and 4-piece ensuite. The lower-level apartment features its own kitchen, open-concept living and dining area, and direct access to a fully fenced private backyard. Built in 2001 with quality construction, thoughtful insulation, numerous updates and owned mechanicals. Located on a quiet East York street close to schools, parks, Michael Garron Hospital, TTC, Line 5 Eglinton LRT at O'Connor Station, the DVP and Hwy 401. LIVE UPSTAIRS. EARN INCOME DOWNSTAIRS. OWN THE ENTIRE FREEHOLD PROPERTY.
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| Type | Att/Row/Townhouse |
| Style | 3-Storey |
| Approx. Age | 16-30 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,019 |
| Lot Size | 16.9 ft x 82.35 ft |
| mls© Number | E13527482 |
| Listed By | KELLER WILLIAMS REFERRED URBAN REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,550
- Property tax
- $335
- Heat allowance
- $150
- Housing costs
- $5,035 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$155,000
gross annual household income
- Payment at 4%
- $3,741 / mo
- Cash down
- $177,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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