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New2 hours ago

159 Lawrence Avenue W

Lawrence Park South, Toronto

$1,349,000

Detached|2-Storey
3 | 2 | 2
About this home

Remarkable value in this detached 3 bed home in Lawrence Park! Charming and functional with high-value updates that haven't compromised its character details. The main floor is accented by a bay window, wood-burning fireplace, hardwood floors and French doors and elevated further with pot lights, upgraded fixtures, and large, open-concept, renovated kitchen with island and breakfast bar, stainless steel appliances and walk out to rear yard. The second floor provides three generously sized bedrooms and an updated bathroom along with laundry area. The back yard is a blank canvas ready for spring planting. Separate garage needs some TLC but offers additional parking or storage. This property also includes a tenanted and cash-flowing separate apartment to help offset expenses. Live in the main house and enjoy extra income, or, rent out both units and enjoy this uncomplicated duplex. Walking distance to Lawrence Subway Station, a quick drive to the 401, incredible schools and easy access to Yonge St shopping and family friendly parks.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$8,947
Lot Size25 ft x 110 ft
mls© NumberC14087428
Listed ByLANDLORD REALTY INC.

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%
$6,905
Property tax
$746
Heat allowance
$150
Housing costs
$7,800 / mo

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

Down payment20% · $269,800
25-yr amortization

Income needed

$240,000

gross annual household income

Payment at 4%
$5,677 / mo
Cash down
$269,800

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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