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513 Monteith Avenue, Lakeview

Price

$829,900

Bedrooms3 Beds

Bathrooms2 Baths

Size700-1100 sqft

Year BuiltNot listed

Property TypeHouse

Property Taxes$4649.65

Maintenance FeesNot listed

Description

LEGAL DUPLEX - Turn-Key Investment & Perfect for First-Time Buyers With Mortgage Supporting Income! Beautifully renovated brick bungalow on a quiet, desirable street featuring a fully legal duplex with two self-contained units. Ideal for investors looking for strong returns or first-time buyers seeking valuable income support to offset their mortgage. The main floor boasts a bright and spacious layout with a large living room, refinished vinyl floors, ceramic tile, a sunny dining area with a walk-out to the deck, and three generous bedrooms. The lower level offers a completely separate 2-bedroom apartment with a private entrance, full kitchen, and 3-piece bath. A shared laundry area in the common space adds convenience for both households. Enjoy peace of mind with $100K+ in professional renovations completed throughout, making the home entirely turnkey. Prime location close to public transit, GO Station, Hwy 401, schools, parks, shopping, trails, recreation center, and all amenities. Only 5 minutes to the GM plant, attracting quality tenants year round. Perfect for: Investors seeking reliable cash flow, First-time buyers needing a mortgage helper, Multi-generational living A rare, income-generating property in a high-demand area!

Sale history for

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$3,369 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$663,920

Total Interest Payments

$409,348

Total Payment (Principal + Interest)

$1,073,268

Determine Your Profits After Selling Your Home

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Jess Whitehead

Meet Jess Whitehead

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

Let's Find Your Dream Home Together