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Listed 2 months ago

134 Millicent Street

Dovercourt-Wallace Emerson-Junction, Toronto

$2,500,000

Detached|2-Storey
6 | 8 | 3
About this home

**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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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$8,189
Lot Size21.21 ft x 125.17 ft
mls© NumberW13420348
Listed ByRIGHT 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.

Down payment20% · $500,000
25-yr amortization

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 check

Investment Analysis

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

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