58 Joanith Drive, Toronto E03

$1,125,000
58 Joanith Drive

$1,125,000

New
3d
DetachedBungalow

58 Joanith Drive, Toronto E03

Total Monthly Obligation $5,266

Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
3d
Score
17
Yield
4.0%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-E14102116
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-30 × 105 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,235.56 (2026)
Parking-2 - None
Basement-Apartment, Separate Entrance, Walk-Up, Finished
Heating-Forced Air (Gas)
Brokerage-CULTURELINK REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Stucco (Plaster)
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-30/60/90
Neighbourhood-O'Connor-Parkview
Title-Residential Freehold

No agent assigned

Welcome to 58 Joanith Road, a turnkey legal two-unit dwelling in the heart of East York's growing community. Thoughtfully renovated with PERMITS and designed for both style and functionality, this charming bungalow offers an exceptional opportunity for homeowners, multi-generational families, and investors alike. Step inside to discover a bright, open-concept interior that makes excellent use of every square foot. The main floor features impressive 10-foot ceilings, while the underpinned basement offers comfortable 8-foot ceilings. Nearly every major component of the home has been updated, including the 200-amp electrical service, HVAC systems, ductwork, roof, plumbing, and more. Additional improvements include a new 1-inch extended water line to the backyard-ideal for a future GARDEN SUITE -along with a sump pump, backflow valve, and interior waterproofing backed by a 25-year warranty. The legal two-unit dwelling provides excellent income potential, whether you choose to live in one unit and rent the other or maximize the property's rental possibilities. Outside, enjoy two-car parking and a spacious backyard enclosed by a new fence. Located in a sought-after and rapidly growing East York neighbourhood, this move-in-ready property offers the perfect blend of modern upgrades, versatile living space, and future potential. Convenient location close to shopping, schools, public transportation, and major highways. The property is ideally situated near top-rated schools, Taylor Creek Park and its scenic trails, Stan Wadlow Park with year-round recreational opportunities, Michael Garron Hospital, and convenient TTC access. With quick connections to the Don Valley Parkway, you're also just minutes from downtown Toronto and all the wonders of Lake Ontario/Beaches. No need to get your hands dirty-this exceptional turnkey home is ready to go. A must-see!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$900,000
Land Transfer Taxes$18,975
Legal Fees (Est.)
$
Total cash required for closing$245,475

Total Monthly Obligation

$5,266/mo
Mortgage $4,538
Monthly Loss $4,072
Principal$1,194
Interest$3,344
Property Tax$353
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
13.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$44,604/yr
NOI
$31,408/yr
Net Cash Flow
-$1,921/mo
Cash Margin
-51.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
17.6/ 100

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

Comparables

Properties near 58 Joanith Drive

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.

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Data last updated within the past 24 hours.