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Listed 9 days ago

26 Majestic Drive

7606 - Manordale, South of Baseline to Knoxdale

$1,100,000

Detached|Bungalow
7 | 3 | 5
About this home

Steps from Algonquin College - Fully Legal Renovated Bungalow with Two Units (4+3 Beds). Exceptional income or multi-family opportunity in a prime location. This fully legal, renovated detached bungalow offers two self-contained units with separate entrances, featuring 3 new full bathrooms, 2 quartz-countertop kitchens, and stainless steel appliances. The main floor includes a bright family room, kitchen, dining area, laundry, 4 bedrooms, and a full bath. The lower unit offers its own kitchen, laundry, 3 bedrooms, and 2 full bathrooms (including en-suite) with large windows for excellent natural lights . Major upgrades completed in 2024 (furnace, A/C, hot water tank). Located 5 minutes from Algonquin College, steps to transit, and close to Baseline Rd & Hunt Club. Parking for up to 5 vehicles with a covered carport and long double driveway. Two separate hydro meters. Currently rented for $6,000/month: Upstairs: $3,100/month Downstairs: $2,900/month Leases expire June 2027

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,350
Lot Size75 ft x 100 ft
mls© NumberX13704868
Listed ByROYAL LEPAGE PERFORMANCE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,630
Property tax
$363
Heat allowance
$150
Housing costs
$6,143 / mo

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

Down payment20% · $220,000
25-yr amortization

Income needed

$189,000

gross annual household income

Payment at 4%
$4,629 / mo
Cash down
$220,000

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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