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Featured
New4 hours ago

53 Lesmount Avenue

East York, Toronto

$1,699,000

Detached|2-Storey
4 | 5 | 2
About this home

Income meets luxury on tree-lined Lesmount Ave! This custom-built residence comes with a Legal Basement Apartment! The fully finished lower level has soaring ceilings, a separate walkout entrance, a full second kitchen, a bedroom, a stylish 4-piece bath and a spacious recreation area. It's ready to generate rental income to help offset carrying costs, and it works just as well as an in-law or nanny suite or a private space for guests. Above, the main home pairs modern design with impeccable craftsmanship. Expansive principal rooms are filled with natural light from floor-to-ceiling windows, with engineered hardwood, LED lighting and integrated built-in speakers throughout to create the perfect ambience. The open-concept main floor flows from the dining area into a chef's kitchen with premium stainless steel appliances, a gas cooktop, a built-in wall oven, quartz counters and backsplash, a centre island with seating and extensive custom cabinetry. The family room has a statement wall, a fireplace, built-in shelving and a walkout to a private deck over the fully fenced backyard. Upstairs, the hotel-inspired primary suite has a custom walk-in closet with LED accent lighting and a 7-piece ensuite with a double vanity and a wet room with a soaker tub inside a glass shower. Three more generous bedrooms and a convenient laundry room complete the upper level. Perfectly placed on a quiet, tree-lined street and offering easy evenings out on the Danforth. Dieppe, Four Oaks and Aldwych parks are nearby for weekend play, and schools, shops and cafés are a short walk away. Donlands subway station and the DVP make getting downtown simple. It's a rare blend of luxury, income potential and true neighbourhood living!

Extras

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This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax---
Lot Size25 ft x 100 ft
mls© NumberE14178392
Listed ByROYAL LEPAGE SIGNATURE REALTY

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 estimated carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,696
Property tax (estimated)
$0
Heat allowance
$150
Housing costs
$8,846 / mo

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

Down payment20% · $339,800
25-yr amortization

Income needed

$272,000

gross annual household income

Payment at 4%
$7,150 / mo
Cash down
$339,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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