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New2 hours ago

11 Ashland Avenue

Woodbine Corridor, Toronto

$1,699,000

Detached|3-Storey
4 | 4 | 0
About this home

Discover the ultimate flexibility in Toronto's vibrant east end! Welcome to 11 Ashland Avenue-a beautifully renovated, fully detached three-storey home that seamlessly adapts to your lifestyle. Whether you are looking for an expansive forever home, a savvy primary residence with a rental helper, or a premium addition to your investment portfolio, this property delivers on every front.Spanning nearly 2,200 square feet of bright, above-grade living space, the main residence features 4 spacious bedrooms and 3 bathrooms, ideal for growing families who need room to live, work, and play. On the lower level, a bright, separate 2-bedroom, 1-bathroom basement apartment generates $2,250 per month in reliable rental income. For an owner-occupant, this income could qualify you for approximately $400,000 in additional mortgage financing. For a pure investor, the entire property offers a lucrative total rental potential of $7,750 per month.Tucked away on a quiet, dead-end street with Orchard Park at your doorstep, this home offers a peaceful, family-friendly oasis with a fully fenced yard that feels like a cottage retreat. Yet, you are perfectly connected to the best of city life. Enjoy a 15-minute stroll down to the beach and the boardwalk, or wander over to the independent shops, cafes, and restaurants in the Beaches or Leslieville. Commuting and exploring the city is effortless, with the 24-hour Queen streetcar and the Greenwood/Coxwell subway stations just minutes away, keeping all of Toronto within easy reach.Don't miss this rare opportunity to own a versatile, move-in-ready asset in one of the city's most desirable pockets!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style3-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,018
Lot Size20.83 ft x 110 ft
mls© NumberE14084286
Listed ByJohnston & Daniel

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%
$8,696
Property tax
$668
Heat allowance
$150
Housing costs
$9,514 / mo

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

Down payment20% · $339,800
25-yr amortization

Income needed

$293,000

gross annual household income

Payment at 4%
$7,150 / mo
Cash down
$339,800

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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