28 Mechanic Avenue, Toronto C01

$1,199,000
28 Mechanic Avenue

$1,199,000

New
19d
Semi-Detached 2-Storey

28 Mechanic Avenue, Toronto C01

Total Monthly Obligation $5,660

Beds
4
Baths
2
Park
0
Sqft
1100-1500
DOM
19d
Score
17
Yield
4.3%
Cash on Cash
-4.8%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Semi-Detached
MLS® Number-C13876462
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-16.87 × 74.28 ft
Listed on site-Oct 4, 2026
Style-2-Storey
Building Type-Semi-Detached
Age-51-99
Taxes-$5,384.18 (2025)
Parking-None
Basement-Finished with Walk-Out, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX ULTIMATE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-120 Day
Neighbourhood-Little Portugal
Title-Residential Freehold

No agent assigned

Welcome to 28 Mechanic Ave, a beautifully renovated, turnkey home in an established West Toronto neighbourhood offering an exceptional combination of location, condition and future flexibility. Meticulously maintained and in mint condition, this home is truly move-in ready. The current owners thoughtfully modified the main floor to accommodate single-level living, converting the former kitchen area into a bedroom. Importantly, the original kitchen rough-ins remain behind the walls, providing the next owner with the flexibility to easily re-establish a main-floor kitchen and enjoy the entire home as one residence. For buyers looking for additional income potential or multigenerational living, the home's layout also presents an exciting concept for conversion to a legal duplex, subject to municipal approvals and applicable building-code requirements. The lower level offers a separate exterior entrance, kitchen, bathroom, laundry and generous living space, while the main and second floors provide additional living space with the flexibility to suit a variety of needs. Location is another standout Shirley Street Junior Public School & McCormick Arena are just a 2-3 minute walk. The surrounding west-end neighbourhood offers convenient access to the Dundas Street West corridor, TTC streetcar service, Lansdowne and Dundas West subway stations, Bloor GO/UP Express, as well as nearby shops, restaurants, groceries and every day amenities. Whether you're looking for a turnkey family home, multigenerational living, or a property with future income potential, 28 Mechanic Ave offers a rare level of flexibility in a convenient, established Toronto neighbourhood.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$959,200
Land Transfer Taxes$20,455
Legal Fees (Est.)
$
Total cash required for closing$261,755

Total Monthly Obligation

$5,660/mo
Mortgage $4,836
Monthly Loss $4,387
Principal$1,273
Interest$3,564
Property Tax$449
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.8%28
10-Year IRR
9.6%
Returns Index
15.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$50,976/yr
NOI
$35,994/yr
Net Cash Flow
-$1,837/mo
Cash Margin
-43.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
17.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 28 Mechanic Avenue

Time

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Data last updated within the past 24 hours.