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Listed 2 months ago

16 Guillet Street

O'Connor-Parkview, Toronto

$889,000

Freehold Townhouse|3-Storey
3 | 3 | 2
About this home

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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agent
Angela Montano
(647) 283-2643
TypeAtt/Row/Townhouse
Style3-Storey
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$4,019
Lot Size16.9 ft x 82.35 ft
mls© NumberE13527482
Listed ByKELLER 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.

Down payment20% · $177,800
25-yr amortization

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 check

Investment Analysis

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

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