78 Ritchie Street, Britannia - Lincoln Heights and Area

$749,900
78 Ritchie Street

$749,900

New
79d
DuplexBungalow-Raised

78 Ritchie Street, Britannia - Lincoln Heights and Area

Total Monthly Obligation $3,847

Beds
4
Baths
3
Park
6
Sqft
1100-1500
DOM
79d
Yield
6.7%
Cash on Cash
4.7%
Cap Rate
5.6%
5Y IRR
19.4%
10Y IRR
17.7%
Property Type-Duplex
MLS® Number-X13639168
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-50.16 × 100 ft
Listed on site-Aug 5, 2026
Style-Bungalow-Raised
Building Type-Duplex
Taxes-$5,369.9 (2025)
Parking-8 - Attached
Basement-Apartment
Heating-Baseboard (Electric)
Brokerage-PAUL RUSHFORTH REAL ESTATE INC.
Cooling-Central Air, Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-tbd
Neighbourhood-6101 - Britannia
Title-Residential Freehold

No agent assigned

78 Ritchie Street is a mechanics dream investment property!! A unique opportunity to own a custom built non-conforming duplex with potential to convert back into a spacious multi-generational high ranch bungalow in a desirable central west location close to public transit, shopping, restaurants, movie theatres, schools and everyday amenities. This versatile property offers excellent potential for investors, owner occupants or buyers seeking additional income opportunities. Both the upper and lower units feature 2 bedrooms and 1 full bathroom with functional layouts, laminate flooring throughout and large windows that fill the spaces with natural light. The property offers comfortable living arrangements with flexibility for extended family or tenants. A standout feature is the impressive commercial grade double garage designed for hobbyists, contractors, mechanics or small business use. The garage includes its own wood furnace heating system, hydraulic car hoist, commercial grade door openers and a convenient 2 piece bathroom. Three 50 amp outlets are already installed making the space ideal for EV charging, workshop equipment or heavy duty tools. The garage also offers approximately 12 foot high storage capacity providing excellent room for vehicles, equipment or recreational storage. A wood electric combination furnace services the main house along with separate baseboard heating in the basement. Extensive fireproofing has been completed with 5/8 fire rated drywall throughout the basement ceiling for added peace of mind. A shared 60 gallon hot water tank services both units while the garage benefits from its own 100 amp electrical service. Central air conditioning services the upper unit and the alarm system currently operates within the garage area. A rare property combining residential flexibility, income potential and exceptional commercial grade garage space in a convenient and accessible location with endless possibilities! Never flooded.

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Closing Costs

Mortgage Amount
$599,920
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,953

Total Monthly Obligation

$3,847/mo
Mortgage $3,025
Monthly Loss $3,051
Principal$796
Interest$2,229
Property Tax$447
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 78 Ritchie Street

Time

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