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Little Portugal, Toronto
$1,230,000
Big on width, big on potential! Rare 20.17' x 120' lot in the heart of Little Portugal! Currently configured as three self-contained units, this property offers flexibility for homeowners and investors alike. Live in one unit and rent the other two, occupy the main and second floors while generating income from the basement, or bring the whole family under one roof. If you're looking to house hack and offset your mortgage with rental income, this is an opportunity worth exploring. Three kitchens, three bathrooms, generous room proportions, impressive ceiling heights and a finished basement apartment offer plenty of flexibility. A detached two-car garage with laneway access provides valuable parking and storage, with potential for a laneway suite. Add a spacious backyard and a west-facing deck off the second-floor kitchen, and there's room to enjoy both indoor and outdoor living. Welcome to Little Portugal! Just steps from Queen Street West and Dundas Street West, with restaurants, cafés, bars, boutiques, galleries and independent shops nearby. Convenient transit access makes getting around the city easy. Whether you're looking to get into the market, generate rental income or accommodate multi-generational living, this property offers several ways to make ownership work for you.
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Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,296
- Property tax
- $624
- Heat allowance
- $150
- Housing costs
- $7,070 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$218,000
gross annual household income
- Payment at 4%
- $5,176 / mo
- Cash down
- $246,000
Assumes no other monthly debts · 25-yr amortization
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