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Investment signal

$988,888

1557 MIDLAND AVENUE

Beds

4

Baths

4.1

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Stunning 2-Year-New Freehold Townhome with Income Potential!Welcome to this beautifully maintained 4-bedroom, 4-bathroom townhome offering modern comfort, functional design, and excellent investment potential. Only Two year old, this home feels like new and is perfect for families or savvy investors.Step inside to discover a spacious and thoughtfully designed layout featuring bright, open-concept living and dining areas. The chef-inspired kitchen is a standout, complete with sleek cabinetry, ample counter space, and newer stainless steel appliances, making it perfect for cooking and entertaining.Upstairs, you'll find generously sized bedrooms, including a comfortable primary suite with a private ensuite and also has main floor Bed Room and Full Washroom. And With four well-appointed washrooms, convenience and privacy are ensured for the entire household.The home also features a unfinished basement with a separate entrance, offering excellent potential for rental income or an in-law suite-an ideal opportunity for additional cash flow. Close to TTC, Grocery stores and Shopping,Major HWY, Worship Place. Whether you're a first-time home buyer looking for a move-in-ready property or an investor seeking strong rental potential, this home checks all the boxes.Don't miss your chance to own this modern, versatile home in a highly desirable location! (id:65958)

Subtype
Single Family
Structure
Row / Townhouse
Community
Bendale
Common interest
Freehold
Lot dimensions
14.8 x 81.9 FT
Bedrooms
4 above grade
Parking
2 total
Stories
3
On market
Apr 17, 2026
Status changed
Apr 17, 2026
Annual tax
$4,653
Zoning
Residential, MILA Freehold Master Plan Community
Photos
45
MLS#
E13010450
Area
TORONTO_(BENDALE)

Features and systems

Parking

GarageCovered

Basement

UnfinishedSeparate entranceN/AN/A

Appliances

AllWater meterFurniture

Heating

Forced airNatural gas

Cooling

Central air conditioningVentilation system

Exterior

ConcreteBrick

Flooring

TileLaminate

Foundation

Concrete

Lot

Irregular lot sizeLightingSump PumpIn-Law Suite

Community

Community Centre

View

City view

Security

Alarm systemSecurity systemSmoke DetectorsMonitored Alarm
Negative cash flow ~$1,075/mo at these assumptions

Cash on cash

-6.52%

Cap rate

3.56%

GRM

16.6

Break-even rent

$6,082

Financing

Down payment$197,778
Loan amount$791,110
Mortgage$4,008/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$453
Insurance$80
Maintenance$824
CapEx reserve$412
Vacancy loss$248

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Bendale). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,008/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.

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