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Moss Park, Toronto
$1,399,000
Rare Opportunity to Own a Legal Triplex with Exceptional Multi-Use Potential in the Heart of Downtown Toronto! This Charming 3-Storey Victorian Brownstone Semi-Detached Property Offers Approx. 2,900 Sq Ft of Living Space, Featuring 3 Separate Above-Grade Units Plus a Basement with a Separate Entrance. All 3 Above-Grade Units Are Currently Vacant, Offering Outstanding Flexibility for Investors and Owner-Occupiers. The Property Previously Generated Nearly $8,000/Month in Combined Rental Income, Including the Basement (Approx. $96,000 in Historical Annual Gross Income). Ideal for Multi-Generational Living, Owner-Occupancy with Rental Income, or Investment. Potential Live/Work, Office and Commercial Uses Subject to Applicable Zoning, Permits and Municipal Approvals. Bright and Spacious Interiors with Classic Victorian Character, 200-Amp Electrical Service and Copper Plumbing. Prime Downtown Location Near St. Lawrence Market, Distillery District, Shops, Restaurants and Transit, with Convenient Access to the Gardiner Expressway and DVP. A Rare Opportunity to Own a Versatile Downtown Property with Income and Multi-Use Potential!
No extras listed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,161
- Property tax
- $991
- Heat allowance
- $150
- Housing costs
- $8,301 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$255,000
gross annual household income
- Payment at 4%
- $5,887 / mo
- Cash down
- $279,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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