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Dovercourt-Wallace Emerson-Junction, Toronto
$2,500,000
**Rare Opportunity To Own Two Detached Homes/ Multi-generational Home For The Price Of One** This Is Your Chance To Own Two Single Detached Homes On A Spacious Corner Lot With 2 Laneways **Back House Private & Versatile** The Separate Rear Home Offers Approximately 1,200 Sq. Ft. Of Comfortable Living Space, Ideal For A Single Professional Or Couple Seeking A Vibrant And Enriched Lifestyle. It Is Easily Accessible From Three Entry Points: The Front And Two Convenient Laneways. The Upgraded, Insulated Double Garage Is A Valuable Addition, Adaptable For Multiple Uses, Such As A Home Office, Recreation Room, Hobby Space, Or A Personal Retreat. **Main House Spacious & Multi-Functional** Designed To Accommodate Multiple Families Plus Rental Income, This Property Provides Exceptional Flexibility. **Upper Levels** A Spacious Family Home Featuring Four Bedrooms, Including Two With Ensuite Bathrooms, While The Other Two Share A Full 4-Piece Bathroom. A Second Living Room Can Also Function As A Fifth Bedroom. **Main Floor & Basement**: Designed For Multi-Generational Living Or Investment Income, The Main Floor And Basement Can Serve As A Single Unit For A Large Family Or Be Rented Separately. The Basement Has A Private Entrance And Can Be Divided Into Two Rental Units For Additional Income. **Future Expansion Potential** The Property Offers The Opportunity To Expand Further By Adding An Upper-Floor Solarium And Deck, Enhancing Both Space And Value. Don't Miss This Unique Investment Opportunity A Dual-Home Property With Income Potential And Endless Possibilities - Fantastic Investment Options.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | < 700 sq. ft. |
| Property Tax | $8,189 |
| Lot Size | 21.21 ft x 125.17 ft |
| mls© Number | W13420348 |
| Listed By | RIGHT AT HOME 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%
- $12,796
- Property tax
- $682
- Heat allowance
- $150
- Housing costs
- $13,629 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$419,000
gross annual household income
- Payment at 4%
- $10,520 / mo
- Cash down
- $500,000
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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