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New2 hours ago

53 Twenty Fourth Street

Long Branch, Toronto

$789,000

Detached|1 1/2 Storey
4 | 2 | 2
About this home

Welcome to 53 Twenty Fourth Street, a versatile property tucked away in a quiet pocket of Long Branch on a deep and private 25ft x 129 ft lot. Offering flexibility for investors, first-time buyers, multi-generational families, or end-users looking to offset their carrying costs with rental income, this property presents an exciting opportunity in one of South Etobicoke's most desirable lakeside communities.The home currently features two self-contained living spaces with separate entrances. The front unit offers 2 bedrooms, 1 bathroom and a full kitchen, while the rear unit, accessed from the backyard, features 1 bedroom, 1 bathroom and its own kitchen.Live in one unit while generating rental income from the other, accommodate extended family, or explore the property's future income-producing potential. The generous lot may offer opportunities to create additional living space or units, including potential for a garden suite, subject to applicable zoning, permits, municipal approvals and buyer due diligence.Set in a family-friendly neighbourhood known for its charm, character and strong sense of community, the property is within walking distance of shops, schools, restaurants, parks, Lake Ontario, beaches and public transit, with convenient access in and out of the city.A unique opportunity combining location, flexibility, rental potential and long-term possibilities in the heart of Long Branch.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,461
Lot Size25 ft x 129 ft
mls© NumberW13880868
Listed ByRE/MAX REALTRON 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%
$4,038
Property tax
$288
Heat allowance
$150
Housing costs
$4,477 / mo

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

Down payment20% · $157,800
25-yr amortization

Income needed

$138,000

gross annual household income

Payment at 4%
$3,320 / mo
Cash down
$157,800

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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