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New3 hours ago

71 Emerson Avenue

Dovercourt-Wallace Emerson-Junction, Toronto

$1,595,000

Detached|2 1/2 Storey
3 | 4 | 3
About this home

Emerson Excellence, Exceptional Income, Endless Possibilities! Welcome to 71 Emerson Ave, a vacant, detached, fully renovated LEGAL triplex with three separate hydro meters in an unbeatable location. A fantastic opportunity for investors, multi-generational families, or end-users looking to live in one unit while collecting rent from the others. Each self-contained unit features its own private entrance, with the main and second-floor suites also offering their own laundry. The property is truly turn-key and move-in or rent-ready, complete with updated finishes and brand-new central air conditioning. A private driveway currently provides parking for two cars, with the potential for additional parking by removing the existing fence. The detached garage at the rear offers even more flexibility-use it as a shed, workshop or studio today, with potential for a future garden suite conversion. Ideally situated within walking distance to Lansdowne Subway Station, Bloor West, schools, shops, restaurants, parks and everyday amenities. Whether you're looking for a strong income-producing investment, a multi-generational home, or a place to live while offsetting your mortgage with rental income, 71 Emerson offers incredible versatility in one of Toronto's most convenient neighbourhoods.

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agent
Mahta Nourbakhsh
(416) 953-9580
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$6,289
Lot Size25 ft x 102 ft
mls© NumberW13853324
Listed ByFOREST HILL REAL ESTATE 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%
$8,164
Property tax
$524
Heat allowance
$150
Housing costs
$8,838 / mo

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

Down payment20% · $319,000
25-yr amortization

Income needed

$272,000

gross annual household income

Payment at 4%
$6,712 / mo
Cash down
$319,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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