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New2 hours ago

2 Monteith Street

Church-Yonge Corridor, Toronto

$1,149,000

Freehold Townhouse|3-Storey
6 | 3 | 0
About this home

A Rare Income-Generating Gem In The Heart of Downtown Toronto! Welcome To 2 Monteith Street, A Tastefully Renovated And Meticulously Maintained Three-Storey Victorian Residence Nestled In The Highly Sought-After Church-Wellesley Village! Offering Approximately 2,300 Sq. Ft. of Living Space. This Beautifully Appointed Property Seamlessly Blends Timeless Architectural Charm With Modern Comfort And Functionality. Featuring Spacious, Well-Designed Interiors, A Fully Finished Basement Apartment, And Two Gorgeous Outdoor Retreats Including A Stunning Rooftop Patio And A Charming Backyard Patio, Perfect For Relaxing or Entertaining. An Exceptional Turnkey Investment Opportunity! Currently Generating $6,450 In Gross Monthly Rental Income ($77,400 Annually), With Three Additional Vacant Bedrooms Offering Potential For Another $4,200 Per Month. At Full Projected Occupancy, Gross Rental Income Could Reach An Impressive $10,650 Monthly or $127,800 Annually, Subject To Applicable Rental Requirements.The Property Comes Furnished, Adding Convenience And Appeal For Investors And End Users Alike. Enjoy An Unbeatable Location Just Steps From Wellesley Subway Station, Yonge Street, Toronto Metropolitan University, Trendy Restaurants, Cafés, Boutique Shops, Parks And Downtown Amenities. Whether You're An Investor Seeking Strong Income Potential Or A Buyer Looking For A Distinctive Urban Residence With Flexible Living Options. This Remarkable Property Offers The Perfect Combination of Location, Lifestyle, Character And Investment Potential!

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agent
Macallum Tepsich
(647) 326-2579
TypeAtt/Row/Townhouse
Style3-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,561
Lot Size15.47 ft x 56.25 ft
mls© NumberC14149688
Listed ByCENTURY 21 LEADING EDGE REALTY INC.

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%
$5,881
Property tax
$547
Heat allowance
$150
Housing costs
$6,578 / mo

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

Down payment20% · $229,800
25-yr amortization

Income needed

$202,000

gross annual household income

Payment at 4%
$4,835 / mo
Cash down
$229,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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