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Dovercourt-Wallace Emerson-Junction, Toronto
$1,259,000
An exceptional opportunity in Toronto's vibrant Wallace Emerson neighbourhood, 43 Lappin Avenue is close to local cafés, shops, parks and schools, with convenient access to TTC service along Dufferin and the Bloor subway. This generously sized detached home offers a private drive, laneway access and a detached garage, with potential for a garden suite, subject to municipal approvals. Brimming with possibilities, this property invites you to renovate, reimagine and create a remarkable home in a dynamic west-end community.
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Listing History
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%
- $6,444
- Property tax
- $539
- Heat allowance
- $150
- Housing costs
- $7,133 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$219,000
gross annual household income
- Payment at 4%
- $5,298 / mo
- Cash down
- $251,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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