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Listed 22 days ago

42 Franklin Avenue

Lansing-Westgate, Toronto

$1,588,000

Detached|1 1/2 Storey
3 | 2 | 4
About this home

This Renovated and Upgraded Solid Brick Home Nestled on A Prime Lot (41.67' X 130') with a Renovated Basement, Lovely Backyard, and Established Garden, Located in the Coveted Part of Lansing-Westgate! Just Steps Away from Yonge St, Subways, Shops, Restaurants, Schools, Ravines, Parks & All Other Amenities. Great Opportunity That Can Attract Young Families, First-Time Buyers, Investors, and Builders! Live on the Main & 2nd Floor and Rent the Basement Out Now, Then Build Your Dream Home or Multi-Residential Unit Later (Buyer Should Verify with the City Planner)!! New Hardwood Floors in 3 Bedrooms, Living & Dining Room! Renovated 2nd Floor Bathroom. Fully Renovated Eat-In Kitchen with Modern Finishes! Main Floor Has Its Own Laundry! Newer Windows and Main Entrance Door! Replaced Main Staircase Steps and Added Glass Railing on the 2nd Floor. LED Potlights and New Light Fixtures! Freshly Painted! Cottage-Style 4-Seasons Sunroom with Its Own Heating & Cooling System: Heater/Wood-Burning Fireplace & Ceiling Fan, Walk-Out to a Large Deck and Nature-Filled Backyard! Renovated Basement with Separate Entrance Through the Backyard Sunroom Includes Laminate/Porcelain Flooring, Two Bedrooms with Above-Grade Windows Providing Abundant Natural Light, Each with Its Own Closet, a Full 3-Piece Bathroom, and a Kitchenette/Laundry Area! Combined Furnace Room and Workshop Area with an Above-Grade Window. Move-In Condition! Must See the House and Location! No Side Walk In Front!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$8,544
Lot Size41.67 ft x 130 ft
mls© NumberC13558512
Listed ByRE/MAX REALTRON BIJAN BARATI REAL ESTATE

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%
$8,128
Property tax
$712
Heat allowance
$150
Housing costs
$8,990 / mo

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

Down payment20% · $317,600
25-yr amortization

Income needed

$277,000

gross annual household income

Payment at 4%
$6,683 / mo
Cash down
$317,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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