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Palmerston-Little Italy, Toronto
$2,189,000
Prime South Annex! Grand Edwardian home on the Boulevard with a huge 29x138 foot lot & private drive! **Presently 3 large self-contained suites, all separately metered for hydro & natural gas with each unit controlling their own heat. Perfect opportunity for new owner to occupy the upper 2-storey suite while receiving solid rental income from 2 units. Approximately 3700 sq. ft over 4 levels, including a professionally underpinned basement with 8-foot ceilings. Seller occupies the largest suite on the 2nd & 3rd floor with a flexible floor plan that can easily convert to a 3-bedroom. Bathed in natural light w/hardwood floors, gas fireplace & a splendid sunroom overlooking the private back yard. Third floor bedroom sanctuary with 9.5 ' ceilings, exposed brick, en-suite bath, steam sauna, en-suite laundry and walk-out to a roof top deck. Main floor suite has 2 bedrooms, dining room, gas fireplace, hardwood floors & spacious kitchen. Large spacious 2-bedroom basement Apt. w/ 8 foot ceilings, each bedroom has its own en-suite bath w/shower. 200-amp service, modern wiring & plumbing. Ideal opportunity for co-ownership or multigenerational living. Incredible 138 foot lot extends from the private drive to the incredible back yard where mature trees provide a natural setting with endless possibilities for gardening enthusiasts. Originally built as a single family residence, this home can be transformed back into a majestic single-family residence- now or down the road. Located in a prime mid-block location south of Bloor on a street famous for its iconic original cast iron street lamps. Property qualifies for a Garden Suite, report attached. Just steps to local shops, cafes & restaurants, the Hot Docs Cinema, BMV Books, Metro, University of Toronto & Bathurst Subway.
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| Type | Semi-Detached |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $12,407 |
| Lot Size | 29 ft x 138.83 ft |
| mls© Number | C13434704 |
| Listed By | LOUIS ADAMS REAL ESTATE LTD. |
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%
- $11,204
- Property tax
- $1,034
- Heat allowance
- $150
- Housing costs
- $12,388 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$381,000
gross annual household income
- Payment at 4%
- $9,212 / mo
- Cash down
- $437,800
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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