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Briar Hill-Belgravia, Toronto
$829,000
Welcome to 1187 Roselawn Avenue! A fantastic opportunity for homeowners and investors alike! This charming, move-in-ready 2+1 bedroom home combines timeless character with incredible versatility and income potential. The fully finished, turnkey basement offers excellent flexibility for multi-generational living, an in-law suite or an additional rental opportunity, with options for long-term tenancy or short-term accommodation, subject to applicable regulations and approvals. The current owners have generated approximately $3,000-$5,000 monthly through short-term rentals on AirBnB for the basement alone. Enjoy the added convenience of two separate laundry areas, one on each level. Outside, discover an exceptionally deep lot with a detached garage and parking for up to 8 vehicles, including the garage and rear parking area. The detached garage offers excellent flexibility for vehicle parking, additional storage, a workshop, home office or gym. Ideally located in the established Briar Hill-Belgravia neighbourhood, close to TTC transit, local shops, restaurants, parks, schools and everyday amenities, with convenient access to the Allen Expressway and Highway 401. Whether you're looking to live in, generate additional income or invest in a property with multiple possibilities, this is an opportunity you won't want to miss!
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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%
- $4,243
- Property tax
- $315
- Heat allowance
- $150
- Housing costs
- $4,708 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$145,000
gross annual household income
- Payment at 4%
- $3,489 / mo
- Cash down
- $165,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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