531 Delaware Avenue, Toronto, ON
Wychwood, Toronto · MLS® C13427886
About this home
Prime downtown Toronto investment awaits in this well maintained 6-plex featuring four spacious two bedroom two bathroom units withseparate in suite laundry and smart functional layouts that attract reliable tenants plus a versatile laneway house offering bonus living space foradditional income or flexible use for a total of 6 legal units. Built in 2022 this property is NOT subject to rent control, delivering an impressiveover 5 percent cap rate with all professional AAA tenants in place for a true set it and forget it stabilized asset that generates strong predictablecash flow. Underwriting documents, detailed financials, rent rolls, and supporting supplements are available for review. This rare opportunity inone of the city's most desirable urban cores won't last, don't let it pass you by!
Key facts
- Property type
- Other, 3-Storey
- MLS®
- C13427886
- Bedrooms
- 10
- Bathrooms
- 10
- Size
- 3500-5000
- Lot
- 22.5 × 123.8 ft
- Cross streets
- Dovercourt Rd / Dupont St M
- Parking
- 1 parking
- Basement
- Apartment
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $14,607 / 2025
- Days on market
- 42
- Listing brokerage
- Royal LePage Real Estate Associates
Rooms
4 Pc Bath
4 Pc Bath
4 Pc Bath
4 Pc Bath
4 Pc Bath
4 Pc Bath
4 Pc Bath
Listed at $2,599,999, this home is about 19% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($612/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Wychwood, so I widened the search to the surrounding area.
Based on 6 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 6 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.47M, a bit higher.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $1.75M
- Size difference +$291K
- Bedrooms −$50K
- Bathrooms +$125K
- Adjusts to $2.12M
That comparable adjusts to $2.12M; the $2.19M estimate above is the median of all 6 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Total price vs nearby homes. Fair value about $2.19M, median of 6 comparables.
This home lists 36% below the area average of $963/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Wychwood, Toronto, ON
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $2,079,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,100
- Property tax
- $1,217
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,317
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $51,475
- Toronto municipal land transfer tax
- $51,475
- Estimated closing costs
- $102,950
Plus your down payment of $520,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $665,979
- Principal paid down
- $264,888
- Interest paid
- $401,090
- Balance remaining
- $1,815,111
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Royal LePage Real Estate Associates. MLS®/PropTx.