703 Mortimer Avenue, Toronto E03

$1,150,000
703 Mortimer Avenue

$1,150,000

New
17d
Detached2-Storey

703 Mortimer Avenue, Toronto E03

Total Monthly Obligation $5,386

Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
17d
Score
18
Yield
4.4%
Cash on Cash
-3.9%
Cap Rate
3.7%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-E13866332
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-18.7 × 103.11 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,471.73 (2026)
Parking-1 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-tbd
Neighbourhood-Danforth Village-East York
Title-Residential Freehold

No agent assigned

Welcome to 703 Mortimer Ave, a detached home offering 3 bedrooms, 2 bathrooms, a legal front parking pad, and a private backyard retreat, blending character, warmth, and elegant updates into a truly move-in-ready residence.The main floor welcomes you with a front office featuring a large window and closet, making it an ideal space to work from home. It then unfolds into a stunning open-concept living and dining area, beautifully enhanced by pot lights, a fireplace, and elegant French doors that open onto the patio, creating a harmonious connection between indoor comfort and outdoor serenity. The modern kitchen features a large centre island, stainless steel appliances, and ample workspace.On the second level, three inviting bedrooms provide peaceful spaces to unwind, including a spacious primary bedroom with hardwood flooring and a closet, a generous second bedroom with a large window and closet, and a versatile third bedroom that's optimal as an office or guest room. Hardwood flooring throughout the second level and a beautifully finished 4-piece bathroom complete this refined and comfortable setting.The finished basement expands the home's living space with a multi-purpose recreation room featuring pot lights, a 4-piece bathroom, a laundry and utility area, and ample storage. Step outside into your own private garden escape, where mature trees, a charming patio, a BBQ area, and a garden shed create a setting worthy of long summer evenings and memorable gatherings.Located just steps from TTC, excellent schools, parks, local cafés and restaurants, and only minutes to the Danforth and the Beaches, this delightful home offers the perfect balance of convenience and charm. A place where every chapter begins with "Once upon a time"-and your next one starts here.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$920,000
Land Transfer Taxes$19,475
Legal Fees (Est.)
$
Total cash required for closing$250,975

Total Monthly Obligation

$5,386/mo
Mortgage $4,639
Monthly Loss $4,166
Principal$1,221
Interest$3,418
Property Tax$373
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.5%32
10-Year IRR
10.1%
Returns Index
17.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$50,604/yr
NOI
$36,572/yr
Net Cash Flow
-$1,591/mo
Cash Margin
-37.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
18.1/ 100

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

Comparables

Properties near 703 Mortimer Avenue

Time

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