471 Jones Avenue
Blake-Jones, Toronto
$1,550,000
STUNING! MODERN HOME WITH 3 Legal Units, Located in high demand neighborhood. Main and second floor features premium hardwood flooring and spacious open concept living/dining area. The main unit offers 3 bedrooms, a contemporary kitchen with Bosch appliances, LG washer and dryer. Fully finished basement, legal basement apartment includes separate entrance, 1 Bedroom, kitchen and private Laundry w/ Samsung washer/dryer. BONUS: NEWLY BUILT AND CITY APPROVED LANEWAY STUDIO APARTMENT WITH GROUND LEVEL GARAGE AND SEPARATE APARTMENT ABOVE; AN EXCEPTIONAL FEATURE RARELY AVAILABLE. All units have separate Kitchen and appliances. Live in one unit and rent the other two. Studio apartment is currently rented 1200$ + $35 internet. Basement is rented for 1500$ + 35$ internet + 25% utilities.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,600 |
| Lot Size | 17 ft x 100 ft |
| mls© Number | E13136860 |
| Listed By | HOMELIFE/MIRACLE REALTY LTD |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,934
- Property tax
- $467
- Heat allowance
- $150
- Housing costs
- $8,550 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$263,000
gross annual household income
- Payment at 4%
- $6,523 / mo
- Cash down
- $310,000
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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