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Price Change$1,599,000

16 Fennings Street

Trinity-Bellwoods, Toronto

$1,999,999

Semi-Detached |2 1/2 Storey
6 | 5 | 4
About this home

Power of Sale Opportunity! Rare 25 ft wide renovated semi detached property featuring 3 separate units with the potential to generate approx $120,000 in gross annual rental income when fully leased. The front unit is currently leased while the two additional units are vacant and recently renovated. Perfect for investors seeking strong rental income or end users looking to live in one unit while collecting rental income from the other two helping significantly offset mortgage and carrying costs. Further upside with the potential to build a laneway home with 2 additional units subject to approvals and due diligence. Located in an excellent, highly desirable area within walking distance to vibrant neighbourhood amenities, restaurants, cafes, shopping, transit and more. A rare opportunity combining strong income potential, flexible living options and addition of potential laneway units increasing future value and upside!

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agent
Macallum Tepsich
(647) 326-2579
TypeSemi-Detached
Style2 1/2 Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$8,087
Lot Size25 ft x 130.67 ft
mls© NumberC13795598
Listed ByROYAL LEPAGE TERREQUITY REALTY

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$10,237
Property tax
$674
Heat allowance
$150
Housing costs
$11,061 / mo

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

Down payment20% · $400,000
25-yr amortization

Income needed

$340,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$400,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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