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Listed 12 days ago

1139 Dovercourt Road

Wychwood, Toronto

$1,490,000

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

Welcome to 1139 Dovercourt Rd. Spacious multi-unit property offering flexible living space and excellent income potential. The main- and second-floor units feature hardwood floors, bright living rooms with walkouts to balconies, bedrooms with closets, and 4-piece bathrooms. The third level includes an additional bedroom with closet space and a walkout to a flat roof. The finished lower level provides additional living space and a bathroom. Features include three separate hydro meters and breaker panels, an owned hot water tank, a newer boiler, a two-car garage with an automatic opener, a covered outdoor area, and a garden. A/C units serving the main- and upper-level units are located on the roof. Potential additional income from garage rental and possible laneway housing, subject to municipal approval. Ideally located between the prestigious Wychwood and Dovercourt neighbourhoods-steps to TTC, Bloor subway stations, shops, restaurants, excellent schools, and more. Just off the trendy Geary Avenue!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style3-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,497
Lot Size25 ft x 125 ft
mls© NumberC13752436
Listed BySUTTON GROUP REALTY SYSTEMS INC.

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%
$7,626
Property tax
$458
Heat allowance
$150
Housing costs
$8,235 / mo

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

Down payment20% · $298,000
25-yr amortization

Income needed

$253,000

gross annual household income

Payment at 4%
$6,270 / mo
Cash down
$298,000

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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