61 Minerva Avenue, Toronto E08

$1,450,000
61 Minerva Avenue

$1,450,000

New
8d
Detached2-Storey

61 Minerva Avenue, Toronto E08

Total Monthly Obligation $6,760

Beds
6
Baths
5
Park
4
Sqft
2000-2500
DOM
8d
Score
20
Yield
5.0%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Detached
MLS® Number-E14080138
Beds-6
Bathrooms-5
Size-2000-2500 sqft
Lot Size-34.45 × 131.99 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$6,432 (2025)
Parking-6 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-LPT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible (30/60)
Neighbourhood-Cliffcrest
Title-Residential Freehold

No agent assigned

Welcome to 61 Minerva Avenue, a Monarch-built detached home constructed in 2010, offering 4+2 bedrooms and 5 bathrooms, over 3000+ Sq. Feet of finished living space, ideal for growing families, multi-generational living, or buyers who want extra room for working from home. The main level features a bright, layout that floods the living areas with natural light all day, with hardwood flooring, and a spacious living room, dining room, breakfast area, and kitchen. The family-sized kitchen includes granite countertops, upgraded cabinetry, stainless steel appliances, and a double stainless steel sink. Upstairs you will find 4 bedrooms, three full bathrooms, and upper level laundry, with two bedrooms featuring private ensuites, including a spacious primary retreat with a walk-in closet and an upgraded ensuite with a stand-up shower and glass door. A rare highlight is the primary bedroom connected to the second bedroom, perfect for a nursery or home office. The fully renovated finished basement includes 2 bedrooms, a full bathroom, a kitchenette, a second living room, and two storage rooms, offering excellent flexibility and income potential. Step outside to one of the deepest lots in the neighbourhood, a large backyard with plenty of room to entertain and unwind, plus an upgraded garden shed and a double car garage with electric opener. Updates include a brand new furnace in 2025, professionally steam-cleaned carpets, and the home has been fully painted in 2026. This home is also built to LEED H Standard in Monarch's Evergreen community, designed for better efficiency and comfort, helping keep utility bills lower over time. Located in the sought-after Cliffcrest neighbourhood, close to RH King Academy, TTC, shopping, parks, and around the corner from Scarborough GO Station with an approximate 20-minute ride to Union Station.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,160,000
Land Transfer Taxes$25,475
Legal Fees (Est.)
$
Total cash required for closing$316,975

Total Monthly Obligation

$6,760/mo
Mortgage $5,849
Monthly Loss $5,221
Principal$1,539
Interest$4,310
Property Tax$536
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.0%2
5-Year IRR
11.6%47
10-Year IRR
11.8%
Returns Index
24.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$72,840/yr
NOI
$54,624/yr
Net Cash Flow
-$1,297/mo
Cash Margin
-21.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
17.8/ 100

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

Comparables

Properties near 61 Minerva Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.