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New5 days ago

363 Strathmore Boulevard

Danforth Village-East York, Toronto

$1,090,000

Detached|2-Storey
3 | 5 | 2
About this home

Rare single detached home in a prime Danforth location offering incredible flexibility and income potential for both end-users and investors. Live in one unit while generating rental income from the others, or explore the opportunity to convert the property into a triplex setup.This versatile home features separate front and rear entrances providing access to the main and second floors, plus a separate side entrance to the basement - ideal for multi-generational living or future income suites. Each level includes its own kitchen setup for added convenience.The second floor features 3 spacious bedrooms, 2 bathrooms, a kitchenette, and a bright sunroom. The main floor offers a spacious living room with fireplace, a bathroom, and a dining room with potential to convert into an in-law suite. An additional living area provides flexible space perfect for young families, a home office, or visiting parents.The basement features high ceilings, above-grade windows, a large bedroom with 3-piece ensuite, and a spacious laundry/furnace room with additional storage space. Tankless water system installed in 2024.Additional highlights include a mutual drive, private garage, and legal front pad parking.Located in a highly desirable Danforth neighbourhood just steps to TTC, parks, schools, green spaces, restaurants, cafes, and shops - offering the perfect blend of urban convenience and family-friendly living.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$6,824
Lot Size28 ft x 100 ft
mls© NumberE13676506
Listed ByRESIDENTIAL DEVELOPMENT SERVICES INC.

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%
$5,579
Property tax
$569
Heat allowance
$150
Housing costs
$6,298 / mo

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

Down payment20% · $218,000
25-yr amortization

Income needed

$194,000

gross annual household income

Payment at 4%
$4,587 / mo
Cash down
$218,000

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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