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Long Branch, Toronto
$789,000
Welcome to 53 Twenty Fourth Street, a versatile property tucked away in a quiet pocket of Long Branch on a deep and private 25ft x 129 ft lot. Offering flexibility for investors, first-time buyers, multi-generational families, or end-users looking to offset their carrying costs with rental income, this property presents an exciting opportunity in one of South Etobicoke's most desirable lakeside communities.The home currently features two self-contained living spaces with separate entrances. The front unit offers 2 bedrooms, 1 bathroom and a full kitchen, while the rear unit, accessed from the backyard, features 1 bedroom, 1 bathroom and its own kitchen.Live in one unit while generating rental income from the other, accommodate extended family, or explore the property's future income-producing potential. The generous lot may offer opportunities to create additional living space or units, including potential for a garden suite, subject to applicable zoning, permits, municipal approvals and buyer due diligence.Set in a family-friendly neighbourhood known for its charm, character and strong sense of community, the property is within walking distance of shops, schools, restaurants, parks, Lake Ontario, beaches and public transit, with convenient access in and out of the city.A unique opportunity combining location, flexibility, rental potential and long-term possibilities in the heart of Long Branch.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,461 |
| Lot Size | 25 ft x 129 ft |
| mls© Number | W13880868 |
| Listed By | RE/MAX REALTRON REALTY 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%
- $4,038
- Property tax
- $288
- Heat allowance
- $150
- Housing costs
- $4,477 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$138,000
gross annual household income
- Payment at 4%
- $3,320 / mo
- Cash down
- $157,800
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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