493 Mortimer Avenue, Toronto E03

$999,000
493 Mortimer Avenue

$999,000

New
3d
Semi-Detached 2-Storey

493 Mortimer Avenue, Toronto E03

Total Monthly Obligation $4,798

Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
3d
Score
19
Yield
4.9%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Semi-Detached
MLS® Number-E14098312
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-21.1 × 100.41 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$4,718.96 (2026)
Parking-2 - None
Basement-Finished
Heating-Heat Pump (Gas)
Brokerage-ROYAL LEPAGE TERREQUITY PLATINUM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60 days/ TBA
Neighbourhood-Danforth Village-East York
Title-Residential Freehold

No agent assigned

You'll fall in love with this one! Immaculately maintained, this 3 bed East York semi is the ideal home for growing families and anyone looking for community and easy connectivity to the city. Private drive with more than ample space to fit 2 large cars (tandem). Open and bright main floor with hardwood floors includes space to relax and gather, and a generously sized kitchen with great storage and brand new counters. Side entrance includes a convenient mudroom/pantry combination, and walks out to a peaceful private backyard, a fantastic spot to hang out and enjoy the outdoors. A large shed offers great auxiliary storage. 3 bedrooms including a spacious primary bedroom and wall-to-wall closets, a renovated bathroom and hardwood floors throughout the upper level. Lowered underpinned basement with high ceilings, built in speakers, pot lights, beautiful 3pc modern bathroom with heated floors, is perfect as a secondary gathering space or home office. Upgraded electrical (200 amp service), upgraded siding, upgraded insulation, 2023 sloped roof, upgraded main waterline, BBQ hookup in backyard and EV ready driveway. Simply move in and enjoy! Steps to Michael Garron Hospital, parks, transit (or a 15 min walk to Greenwood subway station), the farmer's market, East York Civic Centre, library, local cafes/restaurants, shops/dining along the Danforth.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$799,200
Land Transfer Taxes$16,455
Legal Fees (Est.)
$
Total cash required for closing$217,755

Total Monthly Obligation

$4,798/mo
Mortgage $4,030
Monthly Loss $3,738
Principal$1,060
Interest$2,969
Property Tax$393
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
10.6%39
10-Year IRR
11.0%
Returns Index
20.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$48,804/yr
NOI
$34,705/yr
Net Cash Flow
-$1,138/mo
Cash Margin
-28.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
20.0/ 100

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

Comparables

Properties near 493 Mortimer Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.