615 Pharmacy Avenue
Clairlea-Birchmount, Toronto
$897,000
****Deal Fell Through**** Welcome to 615 Pharmacy Ave! (Pharmacy & St. Clair)A rare opportunity for homeowners and investors alike. Live upstairs and offset your mortgage with rental income from the lower level (SEPERATE ENTRANCE), or maximize cash flow by renting both units. Featuring hardwood floors throughout and situated on a long, deep lot with exciting potential for a future laneway suite or coach house (buyer to verify). Turn one property into three income-generating opportunities: main floor, basement suite, and a potential laneway home. Whether you're looking to build wealth, generate passive income, or secure a versatile property in a growing neighborhood, the possibilities here are endless. One property. Multiple income streams. Unlimited potential. Let's go!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,500 |
| Lot Size | 33.5 ft x 169.41 ft |
| mls© Number | E13221378 |
| Listed By | RIGHT AT HOME REALTY |
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%
- $4,591
- Property tax
- $375
- Heat allowance
- $150
- Housing costs
- $5,116 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$157,000
gross annual household income
- Payment at 4%
- $3,775 / mo
- Cash down
- $179,400
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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