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Listed 2 months ago

23 Myrtle Avenue

South Riverdale, Toronto

$1,098,000

Freehold Townhouse|2-Storey
4 | 2 | 2
About this home

Fully renovated freehold townhouse in the heart of Leslieville - move-in ready and income-producing. This rare two-kitchen layout is perfect for homeowners who want to offset their mortgage by renting the main floor or for two couples seeking separate living spaces with privacy. The home was fully renovated to modern standards, so you will avoid the hassle and cost of a renovation. High ceilings, new HVAC, granite counters in both kitchens, mostly new windows, a new furnace and A/C, 200-amp electrical, and an owned tankless water heater - all upgrades that save you money and worry. Flexible floor plan: Main floor offers a spacious kitchen, 4 rooms, and a small deck. Upper floor has a full kitchen and 2 bedrooms. If you prefer a 3-bedroom upper unit, the kitchen can be removed at the seller's cost after closing. The deep lot includes T-style parking for two cars and a private backyard - rare in Leslieville. Plus, there's potential to add a laneway suite for even more rental income. Location that sells itself: Walk to Riverdale Collegiate, Home Depot, parks, grocery stores, boutiques, restaurants, and public transit. Minutes from the beach, Lake Ontario, and Woodbine Park. This is one of Toronto's most sought-after neighborhoods for families and professionals. Why act fast? With rental income potential and a deep lot that offers expansion possibilities, this property won't last. 6- 24-hour notice required to show. Kitchen removal available post-closing at seller's cost.

Extras

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Got questions?

Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeAtt/Row/Townhouse
Style2-Storey
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$4,067
Lot Size14.15 ft x 120 ft
mls© NumberE13469098
Listed ByHOMELIFE G1 REALTY 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%
$5,620
Property tax
$339
Heat allowance
$150
Housing costs
$6,109 / mo

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

Down payment20% · $219,600
25-yr amortization

Income needed

$188,000

gross annual household income

Payment at 4%
$4,621 / mo
Cash down
$219,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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