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New4 days ago

352 Caledonia Road

Caledonia-Fairbank, Toronto

$1,599,999

Detached|2-Storey
5 | 6 | 4
About this home

Excellent investment opportunity at 352 Caledonia Rd in Toronto, offering a well-maintained 5 unit property with strong existing rental income and additional potential. The property features two spacious 3-bedroom units and two 1-bedroom units, plus a finished basement apartment providing additional contributing value. The two 3-bedroom units have reported rents of $2,550 per month each, all-inclusive. One 1-bedroom unit is currently owner occupied with market rent of approximately $1,800 per month, while the other 1-bedroom unit is rented at $2,000 per month, all-inclusive. Buyers to satisfy themselves regarding its retrofit and legal status.Offering excellent flexibility for investors, multi-generational families, or buyers looking to occupy one unit while benefiting from rental income from the others. Convenient Toronto location with easy access to transit, shopping, schools, parks, major roadways and everyday amenities. A rare opportunity to acquire an income-producing property with multiple units and long-term investment potential.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$6,568
Lot Size23.92 ft x 127 ft
mls© NumberW13679712
Listed ByCENTURY 21 PERCY FULTON LTD.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,087
Property tax
$547
Heat allowance
$150
Housing costs
$8,784 / mo

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

Down payment21% · $336,000
25-yr amortization

Income needed

$270,000

gross annual household income

Payment at 4%
$6,649 / mo
Cash down
$336,000

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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