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154 FIFTH STREET, Toronto (New Toronto) — listed at $999,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to a rare stunning detached home, ideally located just steps from Toronto's waterfront, offering the perfect combination of lifestyle, location, and exceptional income potential.A Convenient access to the TTC streetcar and GO Transit makes commuting to downtown Toronto. Enjoy lakeside living surrounded by beautiful parks, waterfront trails, excellent schools, public transit, and the shops, restaurants, and amenities along Lake Shore Boulevard all while being just a short drive from downtown Toronto. Inside, the home features a bright and spacious open-concept main floor filled with natural light, with separate living and dining areas perfect for everyday living and entertaining. What truly sets this property apart is its rare oversized lot and incredible income potential. The fully finished basement features a separate side entrance, creating an excellent opportunity for additional rental income while maintaining your own private living space upstairs. The expansive, private, gated backyard offers plenty of room for entertaining and family enjoyment, featuring a large patio, hot tub, retractable swing, shed, and generous green space. With convenient laneway access, an already-poured concrete slab, and hydro hookup along the rear fence line, the property also offers the exciting opportunity for a Garden Suite, creating the potential for an additional living space and another source of income. Whether you're a first-time buyer looking to help offset your mortgage, a family seeking more space, or an investor searching for a property with multiple income possibilities, this home delivers tremendous versatility and long-term potential. Steps from the lake, an oversized lot, a separate-entrance basement, and Garden Suite potential-this is much more than a home; it's an opportunity to live, invest, and grow in Toronto. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.73 x 3.77 meters |
| Laundry room | Basement | 1.1 x 2.5 meters |
| Dining room | Main level | 4.2 x 3.6 meters |
| Kitchen | Main level | 3.64 x 3.38 meters |
| Foyer | Main level | 2.91 x 1.24 meters |
| Primary Bedroom | Main level | 3.7 x 3.38 meters |
| Bedroom 2 | Main level | 3 x 2.84 meters |
| Bathroom | Main level | 1.61 x 2.37 meters |
| Recreational, Games room | Basement | 7 x 6.4 meters |
| Bathroom | Basement | 1.9 x 2.2 meters |
| Bedroom 3 | Basement | 6.4 x 3.1 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,456.65, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 154 FIFTH STREET a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
Does it have a basement, and is it finished?+
The listing describes the basement as: Separate entrance, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Could this work as an investment property?+
The basement description mentions: Separate entrance, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (New Toronto) before counting on it.
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