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Church-Yonge Corridor, Toronto
$998,000
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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| Type | Att/Row/Townhouse |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,402 |
| Lot Size | 15.98 ft x 78.75 ft |
| mls© Number | C13747408 |
| Listed By | RE/MAX HALLMARK REALTY LTD. |
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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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