267 Albany Avenue, Toronto, ON

Annex, Toronto · MLS® C14033736

$1,118,000
For Sale
Listed 4 days agoNo offer date stated

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3+1Bedrooms
3Bathrooms
0Parking
1500-2000Sq ft

About this home

In short

  • An outstanding opportunity in the heart of the Annex.
  • The upper two floors feature a three-bedroom suite ($2,780/month), the main floor a one-bedroom suite ($1,845/month), and the basement a bachelor suite ($938/month).
  • Total current rental income of $5,563/month.
  • UPGRADES BY SELLER: Significant improvements over the years include basement underpinning and floor lowering, roof replacements, updated 1st floor windows, furnace...
  • Additional upgrades include a sump pump, backwater valve, and basement flooring (2021), along with a renovated main-floor kitchen and updated appliances throughout...

An outstanding opportunity in the heart of the Annex! This well-maintained three-storey semi-detached home offers three self-contained residential suites, established rental income and exceptional flexibility in one of Toronto's most sought-after neighbourhoods. An appealing option for investors, end-users seeking income to help offset ownership costs, or those considering a future multi-generational or single-family home. The upper two floors feature a three-bedroom suite ($2,780/month), the main floor a one-bedroom suite ($1,845/month), and the basement a bachelor suite ($938/month). Total current rental income of $5,563/month. All three tenancies are month-to-month. A compelling opportunity to secure a versatile income property in an established, highly walkable downtown neighbourhood, with long-term potential to make it your own. UPGRADES BY SELLER: Significant improvements over the years include basement underpinning and floor lowering, roof replacements, updated 1st floor windows, furnace, and replacement of the main drain from the street. Additional upgrades include a sump pump, backwater valve, and basement flooring (2021), along with a renovated main-floor kitchen and updated appliances throughout the 3 suites. A well-maintained property with substantial investment in key structural and mechanical components.

Key facts

Property type
Semi-Detached, 3-Storey
MLS®
C14033736
Bedrooms
3+1 (4 total)
Bathrooms
3
Size
1500-2000 sq ft
Lot
16.75 × 100 ft
Cross streets
Dupont & Albany
Parking
0 parking
Driveway
Street Only
Basement
Apartment
Kitchens
3 (2 + 1)
Heating
Forced Air
A/C
None
Exterior
Brick, Other
Foundation
Unknown
Roof
Unknown
Sewer
Sewer
Property tax
$8,180 / 2026
Days on market
4
Listing brokerage
FREEMAN REAL ESTATE LTD.

Rooms

Dining RoomSecond3.51 × 4.37 m

window · track lighting · broadloom

OtherThird2.34 × 4.72 m
BedroomMain2.97 × 4.06 m

fireplace · picture window

BedroomLower4.50 × 4.27 m

Tile Floor

BedroomThird2.74 × 3.96 m

mirrored closet · window

FoyerMain1.22 × 0.97 m

W/O To Porch

Living RoomSecond4.32 × 3.35 m

bay window · broadloom · closet

Living RoomLower3.43 × 4.06 m
OfficeLower3.05 × 2.29 m

tile floor · pot lights

KitchenSecond3.05 × 2.39 m

stainless steel appl · tile floor · combined w/laundry

KitchenMain4.83 × 3.05 m

Eat-in Kitchen

Powder RoomMain0.91 × 1.83 m

3 Pc Bath

BathroomLower3.10 × 2.44 m

3 pc bath · tile floor · combined w/laundry

BedroomThird4.32 × 3.76 m

window · ceiling fan(s) · closet

Dining RoomMain3.05 × 4.83 m
Furnace RoomLower1.12 × 2.74 m
KitchenLower4.27 × 4.50 m

combined w/br · tile floor

Living RoomMain3.35 × 4.37 m

window · walk-out

BathroomSecond2.03 × 2.34 m

tile floor · 4 pc bath

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

The assigned public school is Palmerston Avenue Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Neighbourhood & location

Annex, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near Palmerston Avenue Junior Public School
80%
Palmerston Avenue Junior Public SchoolPublic · Elementary · 0.5 km awayAbove the GTA average · 80% meet the provincial standard
St. BrunoEQAO results not published
Also nearby: 12 more schools within 2.5 km
Msgr Fraser Orientation Centre · Catholic secondary0.7 km
Hillcrest Community School · Public elementary0.7 km · 85% at standard
Huron Street Junior Public School · Public elementary0.9 km · 74% at standard
Hawthorne II Bilingual Alternative Junior School · Public elementary0.9 km · 74% at standard
Loretto College School · Catholic secondary0.9 km · 62% at standard
St Bruno/St. Raymond Catholic School · Catholic elementary1.1 km · 56% at standard
Central Technical School · Public secondary1.2 km · 54% at standard
Holy Rosary Catholic School · Catholic elementary1.3 km · 89% at standard
West End Alternative School · Public secondary1.3 km
Harbord Collegiate Institute · Public secondary1.3 km · 85% at standard
Winona Drive Senior Public School · Public elementary1.5 km
McMurrich Junior Public School · Public elementary1.5 km · 81% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$5,095/mo
$220KIncome needed
5.1×Price ÷ income
$1,176Weekly cost
$37,670Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

88%mortgage
Mortgage $5,095Property tax $682Total carry $5,777

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,945per month

Mortgage amount $894,400 · 4.49% over 25 years

$223,600Down payment (20.0%)
$894,400Loan before insurance
$0CMHC premium
$5,627Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,945
Property tax
$682
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,627

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$18,835
Toronto municipal land transfer tax
$18,835
Estimated closing costs
$37,670

Plus your down payment of $223,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,985/monthPayment at the qualifying rate

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

$589,187Total interest paid
$1,483,587Total of all payments
Principal $894,400 Interest $589,187
YearPrincipalInterestBalance
1$19,959$39,384$874,441
2$20,865$38,478$853,575
3$21,813$37,531$831,763
4$22,803$36,540$808,959
5$23,839$35,505$785,121
6$24,921$34,423$760,200
7$26,052$33,291$734,147
8$27,235$32,108$706,912
9$28,472$30,872$678,440
10$29,765$29,579$648,676
11$31,116$28,227$617,560
12$32,529$26,815$585,031
13$34,006$25,338$551,025
14$35,550$23,794$515,475
15$37,164$22,180$478,311
16$38,851$20,492$439,460
17$40,615$18,728$398,845
18$42,459$16,884$356,385
19$44,387$14,956$311,998
20$46,403$12,941$265,595
21$48,509$10,834$217,086
22$50,712$8,632$166,374
23$53,014$6,329$113,359
24$55,422$3,922$57,938
25$57,938$1,406$0

At the end of your 5-year term

Total paid over the term
$296,717
Principal paid down
$109,279
Interest paid
$187,438
Balance remaining
$785,121

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.

Let's connect

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

Rental yield
Estimate$3,150/mo
$37,800Gross annual rent
2.2%Cap rate after taxes and upkeep

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 numbers

Estimates 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.

3.4%
Gross yield
− Property tax $8,180− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $24,062

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FREEMAN REAL ESTATE LTD.. MLS®/PropTx.

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