











153 Strachan Avenue
Niagara, Toronto
$1,975,000
Unicorn development site -- 18m (59) height limit -- Up to 8,500 buildable square feet -- Up to 5 storeys plus raised lower level -- That's SIX 1,300SF levels and a laneway house -- A Spectacular site with three (3) options -- 1. A 6,500SF bespoke home of your custom design and 5 levels each with 12-foot ceilings and 24-foot ceilings in living room -- 2. A 6 level multi-family or investment home with 2 storey owner's home plus 4 floors for family or rentals -- 3. A Six-plex with six full floor 1,300SF luxury suites commanding premium rents -- Any of these options also include a laneway suite with covered parking for 4 cars -- One set of building permits have already been approved and revisions submitted -- Can start construction quickly -- Construction management, sub-contractors and trades are in place so construction can be completed with a year -- Features include: wide 24 x 120 lot with wide lane access, laneway house over 4 car parking and private access to main house, superior steel and concrete construction, custom glass elevator, grand scale and ceiling heights, unmatched views & exceptional architecture -- Located in downtown's best Trinity-Bellwoods, Ossington, King/Queen West, Financial District, Lake location and next door to to some of downtowns most expensive townhomes.
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| Type | Semi-Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | < 700 sq. ft. |
| Property Tax | $7,405 |
| Lot Size | 24.08 ft x 120 ft |
| mls© Number | C14122556 |
| Listed By | HARVEY KALLES REAL ESTATE LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $10,109
- Property tax
- $617
- Heat allowance
- $150
- Housing costs
- $10,876 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$335,000
gross annual household income
- Payment at 4%
- $8,311 / mo
- Cash down
- $395,000
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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