2261 Dundas Street, Toronto, ON
Roncesvalles, Toronto · MLS® W13414740
About this home
Prime Mixed-Use Investment & Development Opportunity in the Heart of Roncesvalles Village.Exceptional opportunity to acquire a landmark mixed-use building at 2261-2263 Dundas Street West, offering strong in-place income, significant upside potential, and future redevelopment opportunities in one of Toronto's most vibrant and sought-after neighbourhoods.The property features approximately 4,000 sq. ft. of street-level retail space plus a fully finished lower level complete with walk-in industrial freezer, storage areas, men's and women's washrooms, updated HVAC systems, and sprinkler infrastructure. Hundreds of thousands of dollars have been invested in building improvements, creating a turnkey opportunity for investors or owner-operators.Above the commercial space are two well-maintained 2-bedroom residential apartments, both occupied by long-term tenants and generating over $5,000 per month in rental income. The vacant retail component presents an excellent opportunity for owner occupancy or lease-up, with estimated rental potential of approximately $8,000-$10,000 per month, creating substantial income growth potential.Situated on a prominent stretch of Dundas Street West, the property benefits from exceptional visibility, strong pedestrian traffic, and proximity to transit, restaurants, cafes, and neighbourhood amenities. For developers, the site offers compelling long-term value with potential for redevelopment into a 6-storey mixed-use residential building with ground-floor retail, subject to buyer due diligence and municipal approvals.A rare opportunity to secure a high-exposure asset with immediate income, future leasing upside, and redevelopment potential in one of Toronto's strongest urban markets.
Key facts
- Property type
- Other, 2 1/2 Storey
- MLS®
- W13414740
- Bedrooms
- 4
- Bathrooms
- 4
- Size
- 5,000 sq ft
- Lot
- 46.16 × 115 ft
- Cross streets
- Roncesvalles & Dundas
- Parking
- 3 parking
- Basement
- Walk-Up, Separate Entrance, Full, Finished
- Heating
- Forced Air
- A/C
- Central Air, Window Unit(s)
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Flat, Shingles
- Property tax
- $43,325 / 2025
- Days on market
- 44
- Listing brokerage
- CORCORAN HORIZON REALTY
Listed at $2,599,900, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
In Roncesvalles lately, sellers have been getting about 103% of asking and homes sell in about 20 days.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $10.12M, higher than the comparables and worth a second look.
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, listed at $3.00M
- Size difference +$995K
- Adjusts to $3.99M
That comparable adjusts to $3.99M; the $2.69M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Howard Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $2.69M, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Roncesvalles, 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 22, 2026); conventional rates run a little higher.
Mortgage amount $2,079,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,099
- Property tax
- $3,610
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $14,710
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $51,473
- Toronto municipal land transfer tax
- $51,473
- Estimated closing costs
- $102,945
Plus your down payment of $519,980. 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
- $665,954
- Principal paid down
- $264,878
- Interest paid
- $401,075
- Balance remaining
- $1,815,042
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 CORCORAN HORIZON REALTY. MLS®/PropTx.