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Listed 2 months ago

2 Larkin Avenue

High Park-Swansea, Toronto

$1,999,000

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

Attention first-time buyers, investors and downsizers. You have just found what you've been looking for! A beautifully appointed Duplex - 2 Family Home with development potential. Why this home is perfect: I N C O M E - G E N E R A T I N G or co-ownership opportunity - it's like two spacious bungalows, one stacked upon the other. Live in one completely separate and private 3-bedroom flat, and collect $3300* per month from the other. That's an extra $39,600 per year to help pay off your mortgage or buy it with a family member or friend. C O N V E N I E N T - mere steps to Bloor St. subway, shops, restaurants, green grocers and medical practitioners. You can walk to everything you need. Or easily zip down to the QEW and Lakeshore, or Gardiner Expwy for downtown. R E N O V A T E D - and ready to move in! New bright kitchens and white bathrooms. Updated wiring, windows, and plumbing. S O P H I S T I C A T E D E L E G A N C E - no boring box house here! Peak around the Bonsai-inspired privacy shrubs and you'll see an architecturally significant front entrance. Appreciate the old-world charm and workmanship of authentic wood wainscotting, inlaid hardwood floors, and wood trim, all lovingly preserved. Enjoy other special features in the kitchen like the cozy vibe of the banquette breakfast nook, separate pantry and built-in spice cupboard. P R I M E L O C A T I O N - in the highly sought-after and coveted family-oriented neighbourhood of Swansea-Bloor West Village, with top-rated schools. You also get private parking, a double drive and a double garage - a rarity in this urban setting; a high and dry basement with a separate entrance, and you can look into Garden Suite potential.

Extras

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,677
Lot Size26.65 ft x 105 ft
mls© NumberW13230060
Listed ByROYAL LEPAGE REAL ESTATE SERVICES 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%
$10,232
Property tax
$640
Heat allowance
$150
Housing costs
$11,022 / mo

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

Down payment20% · $399,800
25-yr amortization

Income needed

$339,000

gross annual household income

Payment at 4%
$8,412 / mo
Cash down
$399,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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