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Annex, Toronto
$1,118,000
An outstanding opportunity in the heart of the Annex! This well-maintained three-storey semi-detached home offers three self-contained residential suites, established rental income and exceptional flexibility in one of Toronto's most sought-after neighbourhoods. An appealing option for investors, end-users seeking income to help offset ownership costs, or those considering a future multi-generational or single-family home. The upper two floors feature a three-bedroom suite ($2,780/month), the main floor a one-bedroom suite ($1,845/month), and the basement a bachelor suite ($938/month). Total current rental income of $5,563/month. All three tenancies are month-to-month. A compelling opportunity to secure a versatile income property in an established, highly walkable downtown neighbourhood, with long-term potential to make it your own. UPGRADES BY SELLER: Significant improvements over the years include basement underpinning and floor lowering, roof replacements, updated 1st floor windows, furnace, and replacement of the main drain from the street. Additional upgrades include a sump pump, backwater valve, and basement flooring (2021), along with a renovated main-floor kitchen and updated appliances throughout the 3 suites. A well-maintained property with substantial investment in key structural and mechanical components.
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| Type | Semi-Detached |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,180 |
| Lot Size | 16.75 ft x 100 ft |
| mls© Number | C14033736 |
| Listed By | FREEMAN REAL ESTATE LTD. |
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%
- $5,722
- Property tax
- $682
- Heat allowance
- $150
- Housing costs
- $6,554 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$202,000
gross annual household income
- Payment at 4%
- $4,705 / mo
- Cash down
- $223,600
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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