2461 Gerrard Street E
East End-Danforth, Toronto
$719,000
Attention investors, contractors, and visionaries. This freehold, two-storey semi-detached residential property at 2461 Gerrard St E offers a prime renovation opportunity in Toronto. The interior layout includes three bedrooms and two full bathrooms. The structure sits on a regular lot with a frontage of 17.67 feet and a depth of 100 feet. The basement is unfinished and ripe for a transformation with an existing full bathroom. Exterior features include a mutual shared driveway and a detached garage. The location is uber-convenient with Loblaws and Victoria Crossing (Freshco, Tim Hortons, and Play it Again Sports) close-by. The Walk/bike/transit score is enviable at 90/75/70. A quick trip down Victoria Park Ave lands you in the Eastern end of the Beaches neighbourhood. Offers Anytime.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,597 |
| Lot Size | 17.67 ft x 100 ft |
| mls© Number | E13211586 |
| Listed By | ONE PERCENT REALTY LTD. |
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%
- $3,680
- Property tax
- $300
- Heat allowance
- $150
- Housing costs
- $4,130 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$127,000
gross annual household income
- Payment at 4%
- $3,026 / mo
- Cash down
- $143,800
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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