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New3 hours ago

48 Glen Manor Drive

The Beaches, Toronto

$1,675,000

Semi-Detached |2-Storey
6 | 1 | 3
About this home

**MUST SEE! EXCEPTIONAL INVESTMENT OPPORTUNITY IN TORONTO'S DESIRABLE BEACHES NEIGHBOURHOOD!**An outstanding opportunity to own an immaculately maintained, solid-brick, semi-detached multiplex featuring **3 separate residential units**, situated in a fantastic location just one block from Lake Ontario!Perfect for owner-occupancy with two additional rental income units, multigenerational family living, or a long-term investment. This unique property offers a flexible floor plan with a spacious **2-bedroom third-floor unit featuring an open deck terrace**, a **2-bedroom middle unit**, and a **large basement unit**.Additional highlights include **1 garage and parking for 2 cars at the rear**, accessible via a shared laneway, beautifully landscaped, low-maintenance grounds, and wonderful original oak hardwood floors that preserve the property's timeless character and charm.Meticulously maintained and managed by long-time owners, this remarkable property boasts numerous thoughtful upgrades and improvements while retaining its original character.Ideally suited for extended families seeking comfortable living arrangements with privacy and independence, or investors looking for a well-maintained income-generating property. The property has a history of attracting quality tenants and generating consistent rental income.Whether you're seeking a prime investment opportunity, a family home with supplemental rental income, or a flexible property that can accommodate your children or extended family now or in the future, **this exceptional property offers tremendous versatility, character, and location!**Enjoy the unbeatable Beaches lifestyle, with Lake Ontario, waterfront parks, beaches, shopping, restaurants, and neighbourhood amenities nearby. **A RARE OPPORTUNITY TO OWN A WELL-MAINTAINED, INCOME-GENERATING PROPERTY IN ONE OF TORONTO'S MOST SOUGHT-AFTER NEIGHBOURHOODS!**Thank you for taking the time to review the property information and photographs.

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BrokerHub Inc.
(647) 254-1864
TypeSemi-Detached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,479
Lot Size22.35 ft x 90 ft
mls© NumberE14135862
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$8,573
Property tax
$707
Heat allowance
$150
Housing costs
$9,430 / mo

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

Down payment20% · $335,000
25-yr amortization

Income needed

$290,000

gross annual household income

Payment at 4%
$7,049 / mo
Cash down
$335,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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