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Price Change$948,888

53 Twenty Fourth Street N

Long Branch, Toronto

$848,000

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

Welcome to 53 Twenty Fourth St, a fantastic opportunity for investors or end-users seeking a versatile multi-unit property.This property features two self-contained units with separate entrances:Front Unit: Includes 2 bedrooms, 1 bathroom, and a full kitchen.Rear Unit (access from backyard): Includes 1 bedroom, 1 bathroom, and a kitchen.An excellent opportunity to live in one unit while generating rental income from the other, or to add a strong income-producing property to your investment portfolio.Conveniently located close to schools, parks, shopping, public transit, and major amenities.The seller and listing brokerage make no representations or warranties regarding the retrofit status or legality of the units. Buyers and buyer's agents are responsible for conducting their own due diligence, including verifying all measurements.

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,933
Lot Size25 ft x 130 ft
mls© NumberW13167732
Listed ByCEG REAL ESTATE INC.

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%
$4,340
Property tax
$328
Heat allowance
$150
Housing costs
$4,818 / mo

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

Down payment20% · $169,600
25-yr amortization

Income needed

$148,000

gross annual household income

Payment at 4%
$3,569 / mo
Cash down
$169,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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