53 Eversfield Rd.
List Price: $999,999
Closest Major Intersection: Dufferin & St. Clair Ave W
About the Property
- Detached 2-storey
- Full basement with walkout
- Lot: 25 x 125.58 ft
- Front pad parking
- Forced air + A/C
- Owned on-demand hot water tank
- Appliances: Stainless steel range, dishwasher, fridge (2013)
- New washer and dryer in basement
- 7ft basement ceiling
- New furnace
- Roof (2010)
- Spray foam insulation in basement
- LED lighting on the main floor
- Vinyl flooring throughout main and basement
- Includes all ELFs and window coverings
- See photos here
Why this is a good investment:
Multiple Strategies
- Owner Occupied
- Use a stepping stone approach to build equity and get help paying your mortgage!
- Create a basement suite to live in, and rent out the main unit
- Transition to the main unit and use the basement suite as a mortgage helper
- Add additional value down the road by creating a laneway suite
- Investment Property
- Estimated net positive cashflow post duplex conversion: $418*
- Estimate net positive cashflow + mortgage pay down post duplex conversion: $2,042**
- Future potential
- Potential to build a 1,300 sqft, 3-bedroom laneway house
Location
- Address: 53 Eversfield Road
- Located on a side street in Corso Italia
- Short 4-minute walk to Dufferin St. and bus
- 15-minute walk to the dedicated streetcar line on St. Claire Ave
- 78 Transit Score: Excellent Transit
- Grocery store, trendy restaurants, coffee shops, bars, etc. along St. Clair Ave W
Finacials
- List price: $999,999
- Approx. initial investment (20% down + closing costs): $235,000
- Approx. renovation for legal duplex: $100,000
- Approx. cost for laneway house: $400,000
- Estimated duplex rental income:
- Upper: $3,200
- Lower: $1,400
- Estimate laneway suite rental income: $3,400
How Volition Can Help
- An exclusive listing means you get in before anyone else
- We can advise on the ROI of doing key targeted renovations
- We have a team of Interior Designers, Project Managers, Architects, Engineers, and Contractors that can handle everything for you
- We can walk you through the process of getting the right tenants in place, or take care of the whole process from start to finish
GET IN TOUCH FOR MORE INFO OR TO BOOK A VIEWING!
*Based on the current rental market in the same area as the property of interest
**Based on a 20% downpayment and 2% mortgage rate