23 Myrtle Avenue, Toronto E01

$799,000
23 Myrtle Avenue

$799,000

New
24d
Att/Row/Townhouse2-Storey

23 Myrtle Avenue, Toronto E01

Total Monthly Obligation $3,931

Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
24d
Yield
4.5%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.1%
Property Type-Att/Row/Townhouse
MLS® Number-E13840102
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-14.15 × 120 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$3,997 (2025)
Parking-2 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Aluminum Siding, Vinyl Siding
Roof-Flat
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-South Riverdale
Title-Residential Freehold

No agent assigned

A rare South Riverdale opportunity offering flexibility today and strong future potential. This duplex features two kitchens, two full bathrooms and four bedrooms, making it well suited for extended family, shared living or rental income. Highlights include granite countertops, mostly newer windows, updated HVAC, 200-amp electrical service and an owned tankless water heater. Situated on a deep 14.15 x 120 ft lot with rear laneway access and parking for two vehicles. According to a site-specific Laneway Housing Feasibility Report prepared by Laneway Housing Advisors, the property qualifies for a laneway house under Toronto's Changing Lanes program, with an as-of-right build appearing to accommodate approximately 932 sq. ft. over two levels, with options that may include garage parking. All of this in a convenient South Riverdale location close to parks, schools, transit, shops, restaurants, Woodbine Park and the Beach. A compelling property for end-users, investors or buyers looking for added long-term value. Buyers and Buyer's Agent to conduct their own research regarding laneway housing and development.

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Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$3,931/mo
Mortgage $3,223
Monthly Loss $3,083
Principal$848
Interest$2,375
Property Tax$333
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 23 Myrtle Avenue

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