863 Dovercourt Road
Dovercourt-Wallace Emerson-Junction, Toronto
$950,000
Exceptional mixed-use investment opportunity located at 863 Dovercourt Road, anchored by the long-term, established commercial tenant Liberty Bicycle Shop offering steady income and a great ROI. Being sold "As is, where is," this semi-detached property functions essentially as one continuous building alongside the neighboring semi at 865 Dovercourt Road, which can present a rare opportunity. Upon request acquire both side-by-side properties together for maximum scale and future potential.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,863
- Property tax
- $632
- Heat allowance
- $150
- Housing costs
- $5,645 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$174,000
gross annual household income
- Payment at 4%
- $3,998 / mo
- Cash down
- $190,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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