560 Indian Grove, Toronto, ON
Junction Area, Toronto · MLS® W13163972
About this home
Investment gem in The Junction. This exceptional Edwardian semi-detached multiplex blends timeless architectural character with stable income, owner-occupier flexibility, and future redevelopment potential on a corner lot. This beautifully maintained property sits on an extra-wide 34.33 x 100 ft lot. A rarely available Toronto offering, the property features four self-contained suites across four levels (1 x 2-bedroom, 3 x 1-bedroom), each with dedicated outdoor space, central heating and air conditioning, and each tenant has their own parking space-4 parking spots in total. These highly desirable features consistently attract quality long-term tenants and support exceptional rental stability in one of Toronto's premier rental corridors. Ideal as a live-and-earn opportunity or turnkey investment, the property currently generates $91,440/year. Future value-add and redevelopment potential align with Toronto's evolving multiplex and EHON initiatives. The main-floor 2-bedroom suite showcases a renovated chef-inspired kitchen with granite counters, exposed brick accent wall, hardwood floors, 9'2" ceilings, in-suite laundry, and charming front porch. Upper suites feature private balconies and patios, while the lower-level 1-bedroom offers above-grade windows, private entrance, in-suite laundry, and outdoor space. Steps to Dundas West's trendy shops, acclaimed restaurants, cafés, craft breweries, TTC, the Railpath, High Park, and Stockyards Village.
Key facts
- Property type
- Other, 3-Storey
- MLS®
- W13163972
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 4
- Size
- 2000-2500
- Lot
- 34.33 × 100 ft
- Cross streets
- Keele / Dundas
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Apartment
- Kitchens
- 4 (3 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,070 / 2025
- Days on market
- 62
- Listing brokerage
- SUTTON GROUP-TOWER REALTY LTD.
Rooms
W/O To Deck
eat-in kitchen · granite counters
W/O To Balcony
Open Concept
Walk-Out
Listed at $1,650,000, and my independent estimate is within the range of comparable homes, on the lower side.
In Junction Area lately, sellers get about 102% of asking; homes sell in ~22 days.
Total price vs nearby homes. Fair value about $1.82M, median of 19 comparables.
How this estimate is builtthe short version
I take the 19 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.32M, lower than the comparables and worth a second look.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Humberside Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Junction Area, so I widened the search to the surrounding area.
Based on 19 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 11% below the area average of $827/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Junction Area, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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) →
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.
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 24, 2026); conventional rates run a little higher.
Mortgage amount $1,320,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,044
- Property tax
- $506
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,550
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,475
- Toronto municipal land transfer tax
- $29,475
- Estimated closing costs
- $58,950
Plus your down payment of $330,000. 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
- $422,641
- Principal paid down
- $168,102
- Interest paid
- $254,538
- Balance remaining
- $1,151,898
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 SUTTON GROUP-TOWER REALTY LTD.. MLS®/PropTx.