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Investment signal

$999,900

47 VIA ITALIA

Beds

5

Baths

4.1

Sqft

Year

Location

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About this home

In the heart of Corso Italia, this income-generating property offers exceptional value and versatility. Featuring three self-contained 2-bedroom units, each with a separate entrance, spacious living and dining areas, full kitchens, and bathrooms-ideal for investors or multi-generational living. Enjoy low-maintenance front and rear yards with no grass to cut, perfect for hassle-free ownership. Recent Updates & Improvements: Second Floor fully renovated in 2023 (new kitchen, 3-piece bathroom, laminate flooring) Hardwood flooring on Main Floor (2020) Roof (2020) Windows (2019)Current Rental Income: Main Floor: $2,400/month Second Floor: $2,300/month Basement: $1,600/month. Strong cash flow in a prime, walkable location close to shops, transit, restaurants, and amenities. A fantastic opportunity in one of Toronto's most sought-after neighbourhoods. (id:65958)

Subtype
Single Family
Structure
House
Community
Corso Italia-Davenport
Common interest
Freehold
Lot dimensions
23.2 x 60 FT ; 60.09x23.15x60.08x22.77ft per GeoW
Bedrooms
4 above grade, 1 below grade
Parking
0 total
Stories
2
On market
Jan 30, 2026
Status changed
Apr 17, 2026
Annual tax
$4,652.72
Zoning
Residential
Photos
45
MLS#
W12740936
Area
TORONTO_(CORSO_ITALIA-DAVENPORT)

Features and systems

Parking

No Garage

Basement

FinishedSeparate entranceN/AN/A

Appliances

WasherRefrigeratorStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickStone

Flooring

HardwoodLaminateCeramic

Foundation

Block

Lot

Carpet Free
Negative cash flow ~$1,946/mo at these assumptions

Cash on cash

-11.67%

Cap rate

3.55%

GRM

16.7

Break-even rent

$7,048

Financing

Down payment$199,980
Loan amount$799,920
Mortgage$4,907/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$458
Insurance$80
Maintenance$833
CapEx reserve$417
Vacancy loss$250

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 (Corso Italia-Davenport). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,907/mo at 5.49% with 20% down, 25-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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