203 Islington Avenue
New Toronto, Toronto
$1,420,000
Location.. Location.. Location... !!! Time Tested & Solid ! Great Investment Opportunity in a Prime South Etobicoke Location! Live in one unit and generate rental income from the other 2 units.It can be perfect work office and residence. This property offers a spacious multi-level layout featuring 3 bedrooms unit on the main floor, 3 bedrooms unit on the second floor, and 2 bedrooms in the lower level, plus 4-car parking at the rear. Ideally situated on Islington Avenue, with convenient access to public transit, TTC, GO Transit, parks, restaurants, grocery stores, and local shops. Enjoy the nearby Mimico waterfront, Lake Ontario, and scenic parks and trails. Whether you're looking to invest, generate rental income, or explore the potential for multi-generational living, this property offers excellent possibilities in a convenient and established Etobicoke neighbourhood. Seeing Is Believing!
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| Type | Detached |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,988 |
| Lot Size | 27 ft x 99 ft |
| mls© Number | W14122974 |
| Listed By | RE/MAX WEST REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,268
- Property tax
- $416
- Heat allowance
- $150
- Housing costs
- $7,834 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$241,000
gross annual household income
- Payment at 4%
- $5,976 / mo
- Cash down
- $284,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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