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Islington-City Centre West, Toronto
$999,000
Exceptional Opportunity in Toronto! Welcome to 24 Acorn Avenue, an extensively upgraded bungalow offering over 2,500 sq. ft. of total finished living space and outstanding flexibility for families, multi-generational living or investors. The main floor features 3 spacious bedrooms, a separate kitchen and a bright, functional layout designed for comfortable everyday living.The finished basement offers 2 additional bedrooms, its own kitchen, two separate entrances and the potential for two separate living/rental arrangements, providing excellent flexibility and income potential. With multiple living areas and independent access points, this property presents a unique opportunity for buyers looking to live, invest, or combine both under one roof.2 Situated on a generous frontage with parking for 4 vehicles, the property is located in a highly convenient Toronto neighbourhood with excellent connectivity to major highways and routes, shopping, restaurants, transit and everyday amenities. 5 Bedrooms 2 Kitchens Basement Entrances 4-Car Parking 2,500+ Sq. Ft. Finished Living Space. A rare combination of space, upgrades, accessibility and income potential-24 Acorn Avenue is an opportunity you don't want to miss!Key Highlights & Income PotentialExtensively Renovated & Expanded: Seamlessly extended to appro ~1,200 sqft per floor (~2,500 sqft total living space across the main floor and basement), Immediate Rental Income: The fully finished basement is currently generating $2,100/month. Upstairs Mainfloor rental potential is $3200 monthly. Premium, Independent Basement Layout In-Unit Laundry: Equipped with its own dedicated washer and dryer, ensuring tenants do not have to share laundry facilities,
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Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,113
- Property tax
- $399
- Heat allowance
- $150
- Housing costs
- $5,662 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$174,000
gross annual household income
- Payment at 4%
- $4,204 / mo
- Cash down
- $199,800
Assumes no other monthly debts · 25-yr amortization
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