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Price Change$698,000

73 Robinson Avenue

Oakridge, Toronto

$799,000

Detached|2-Storey
4 | 4 | 4
About this home

Discover a rare chance to own a versatile multi-unit property featuring three fully self-contained 2-bedroom apartments on each floor. Ideal for first-time buyers seeking to offset mortgage costs with reliable rental income, while living in this lovely home, or for investors looking to maximize return. Dedicated parking with parking pad, and driveway in front of 1.5-car detached garage, providing ample space for vehicles and storage. The large backyard offers excellent potential for flower and vegetable gardens, or outdoor enjoyment. Bright windows throughout the house. Re-done roof within 5 years. Outside draining and waterproofing was done within 2 years with certificate. Repainted in the last month. Located in a highly walkable neighbourhood this property places you steps from restaurants, supermarkets, schools, shopping plazas, and TTC stations. Enjoy the freedom of car-free living while staying connected to everything you need. A practical opportunity that combines flexible living, options with solid investment fundamentals.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,545
Lot Size23.5 ft x 142.5 ft
mls© NumberE13759168
Listed ByREMAX YOUR COMMUNITY 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%
$4,090
Property tax
$295
Heat allowance
$150
Housing costs
$4,535 / mo

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

Down payment20% · $159,800
25-yr amortization

Income needed

$140,000

gross annual household income

Payment at 4%
$3,362 / mo
Cash down
$159,800

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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