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Newtonbrook East, Toronto
$1,538,000
Welcome to registered multiplex 95 Steeles Ave E, Lots of opportunities, Investment property, Minimum Income of $8200 per month, Can be used as commercial/business in comply with Zoning by-law. This investment property features 4 self-contained units (two 2-bedroom and two 1-bedroom units) and 6 parking spaces. An excellent opportunity for an investor, owner-occupier, or professional looking for a property with multiple income streams and potential for a home-based or professional office use, offering potential positive cash flow and an attractive investment profile. Prime location on a major arterial road with excellent visibility and accessibility. Steps to the future Yonge/Steeles Subway Station, and close to Centerpoint Mall, grocery stores, restaurants, schools, public transit and other amenities. Recent upgrades include mostly new kitchen appliances, A/C (2023), heat pumps (2026), south roof section (2025), and north roof section (2020). Perfect for home office, rental/investment, health professional office, daycare and other permitted uses.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $7,775 |
| Lot Size | 45 ft x 122.5 ft |
| mls© Number | C13665184 |
| Listed By | AIMHOME 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%
- $7,872
- Property tax
- $648
- Heat allowance
- $150
- Housing costs
- $8,670 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$267,000
gross annual household income
- Payment at 4%
- $6,472 / mo
- Cash down
- $307,600
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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