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New1 hour ago

31 1/2 Granby Street

Church-Yonge Corridor, Toronto

$998,000

Freehold Townhouse|2 1/2 Storey
4 | 5 | 0
About this home

A Rare Downtown Opportunity With Space To Live And Income Potential Built Right In! 31 1/2 Granby St Offers The Flexibility Of A Generous Single-Family Home Plus A Separate-Entrance Basement Apartment - Ideal For Rental Income, Extended Family Or Added Living Space. Set In An Unbeatable Downtown Location Just Steps To TMU, Yonge St, Church-Wellesley Village, Transit, Restaurants, Shopping And Everyday Conveniences. Inside, You'll Find Impressive Ceiling Heights, Generously Sized Bedrooms Throughout, Updated Kitchens And A Freshly Painted Interior That Feels Bright And Refreshed. The Upper Levels Offer Plenty Of Room For Comfortable Family Living, Working From Home And Entertaining, While The Basement Apartment Provides Valuable Additional Income Potential And Flexibility. Top It All Off With A Third-Floor Deck - A Fantastic Private Outdoor Space In The Heart Of The City. Whether You're Looking For A Downtown Family Home With A Mortgage Helper Or A Property With Multiple Living Options, This One Delivers Space, Location And Versatility In One Exceptional Package.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeAtt/Row/Townhouse
Style2 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,402
Lot Size15.98 ft x 78.75 ft
mls© NumberC13747408
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,108
Property tax
$534
Heat allowance
$150
Housing costs
$5,792 / mo

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

Down payment20% · $199,600
25-yr amortization

Income needed

$178,000

gross annual household income

Payment at 4%
$4,200 / mo
Cash down
$199,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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