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Investment signal

$1,350,000

523 CRAVEN ROAD

Beds

Baths

3.1

Sqft

—

Year

—

Location

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About this home

Welcome to this modern, detached single family house with legal basement apartment in a prime Toronto location, just steps from transit and everyday amenities. This bright and spacious home offers a thoughtfully designed open-concept main floor with 2 bedrooms and 2 bathrooms, filled with natural light and ideal for comfortable living and entertaining. Enjoy a fully accessible backyard perfect for outdoor relaxation. The property also features a fully finished 1-bedroom legal basement apartment with a separate entrance, creating a self-contained unit ideal for rental income, extended family, or guests. Just minutes from the Beaches and Ashbridge's Bay, this exceptional home offers the perfect blend of modern living, convenience, and investment potential. (id:65958)

Subtype: Single Family
Structure: House
Community: Greenwood-Coxwell
Common interest: Freehold
Lot dimensions: 17.5 x 73 FT
Bedrooms: 2 above grade, 1 below grade
Parking: 0 total
Stories: 2
On market: Mar 12, 2026
Status changed: Apr 16, 2026
Annual tax: $3,024 (2025)
Photos: 27
MLS#: E12874270
Area: TORONTO_(GREENWOOD-COXWELL)

Features and systems

Parking

No Garage

Basement

FinishedApartment in basementSeparate entranceN/AN/AN/A

Appliances

RefrigeratorWater meterDishwasherStoveOvenDryerOven - Built-InTwo WashersWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Stucco

Flooring

TileHardwoodLaminate

Foundation

Concrete

Negative cash flow ~$2,599/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.55%

Cap rate

3.58%

GRM

16.7

Break-even rent

$9,486

Financing

Down payment$270,000

Loan amount$1,080,000

Mortgage$6,626/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$619

Insurance$80

Maintenance$1,125

CapEx reserve$563

Vacancy loss$338

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 (Greenwood-Coxwell). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $6,626/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 16, 2026.