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New3 hours ago

93 Rainsford Road

The Beaches, Toronto

$1,298,000

Semi-Detached |2-Storey
3 | 3 | 2
About this home

Rare opportunity to own a character-filled triplex in Toronto's highly sought-after Beaches neighborhood. Ideal for investors or owner-occupiers, this solid brick semi offers three self-contained apartments, two-car laneway parking and outstanding income potential, all just seconds from the lake. The vacant main-floor 2-bedroom suite is freshly painted with brand-new, never-lived-on flooring, new washer/dryer, exposed brick, fireplace & sliding barn doors. The smaller second bedroom is ideal as a nursery, office or workspace. Move right in or lease at current market rent. The charming upper 1-bedroom suite is filled with natural light and features exposed brick, fireplace, soaring vaulted ceilings, built-in ladder to a loft/storage area, sliding barn door and private rear deck. The lower 1-bedroom suite also offers exposed brick and a cozy, functional layout. Both upper and lower suites are occupied by fantastic month-to-month tenants who would love to stay. Appliances are included with each unit, plus an owned tankless hot-water system and numerous updates, many completed in 2017 and 2026. Enjoy a freshly painted front stoop, perfect for morning coffee, plus two-car parking off the rear lane, offering additional income potential. An exceptional Beaches location! Walk to the Beaches, Boardwalk, Ashbridges Bay, waterfront trails, parks and Queen Street East's shops, cafés and restaurants. TTC is nearby with convenient access to the subway and downtown. A rare combination of character, income, flexibility and an incredible Beaches lifestyle! Please see Brokerage remarks for important showing instructions.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeSemi-Detached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$7,243
Lot Size19 ft x 118 ft
mls© NumberE14022238
Listed ByUNION REALTY BROKERAGE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,644
Property tax
$604
Heat allowance
$150
Housing costs
$7,397 / mo

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

Down payment20% · $259,600
25-yr amortization

Income needed

$228,000

gross annual household income

Payment at 4%
$5,462 / mo
Cash down
$259,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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