Updated 4+1 Detached in Guildwood with Basement Suite Potential and GO Transit Access
A renovated 4+1 bedroom detached home in Scarborough's Guildwood neighbourhood listed at $1,138,000, featuring a finished basement with separate kitchen suitable for secondary suite income. Estimated cap rate is 1.57% with negative carry under all leveraged scenarios, making this primarily a low-leverage or end-user play.
Anatoli Chtcherbatov
Analyst · Sutton Group Admiral Realty
List price
$1,138,000
Cap rate
+1.57%
Est. monthly rent
$3,350
Source: comparables_widened
Est. net spread
+$258K
6mo hold
Annualized ROI
+45%
preliminary
The Deal
A renovated 4+1 bedroom detached home in Scarborough's Guildwood neighbourhood listed at $1,138,000, featuring a finished basement with separate kitchen suitable for secondary suite income.
Fix-and-flip projection
The spread, before the buy-and-hold math.
Preliminary · adjust scope & uplift
Renovation scope
Projection
Preliminary estimate. Renovation costs use 6Yield default per-sqft figures. Post-renovation value is modeled as a multiple of list price — replace with comparable post-renovation sales for higher precision. Carrying costs include property tax, condo fees if any, and insurance; financing costs not yet modeled.
Section · Buy-and-hold backup
If you held instead. The carrying math, side by side.
Each column shows the actual monthly cash flow and cash-on-cash return at that leverage. Click a column for the full breakdown.
Acquisition
| Down payment | $398,300 |
| Mortgage principal | $739,700 |
| Land transfer tax | $17,070 |
| Closing costs | $17,070 |
| Total acquisition | $432,440 |
Monthly cash flow
| Estimated rent | +$3,350 |
| Operating expenses | -$1,858 |
| Mortgage payment | -$4,320 |
| Net cash flow | -$2,828/mo |
Expense breakdown
| Property tax | $0/mo |
| Vacancy allowance | $168/mo |
| Maintenance reserve | $948/mo |
| Insurance | $474/mo |
| Property management | $268/mo |
Math by deterministic Python calculator. Rate 4.99% over 25 years. Rent source: comparables_widened (24 comps).
Breakeven
This property turns cash-flow positive at 77.6% down.
Run your own scenario
Move the assumptions. See the math live.
Live result
All figures are estimates only and do not constitute financial advice. The sliders use the same math as the locked five-scenario calculator; only assumptions change. Total acquisition includes the down payment, land transfer tax ($17,070), and closing costs ($17,070).
Section · Investment Thesis
Why this property.
24 Lalton Place is listed at $1,138,000 in Guildwood, a mature Scarborough lakeside community. The property is a detached 4+1 bedroom, 3-bathroom home with two separate entrances and a finished basement containing an additional bedroom and a kitchen, configured for a secondary suite. Estimated monthly market rent is $3,350 based on 24 widened comparables, producing gross annual rent of $40,200, annual NOI of $17,904, an estimated cap rate of 1.57%, and a gross yield of 3.53%. These yields reflect the GTA detached market, where pricing is driven more by land value and long-term household demand than by in-place cash flow.
Leverage sensitivity on this asset is high. At 20% down ($227,600), the estimated monthly mortgage payment is $5,316.80 and projected monthly cash flow is -$3,824.80, a cash-on-cash return of -17.54%. At 35% down, projected monthly cash flow improves to -$2,827.90 (-7.85% cash-on-cash). At 50% down, monthly cash flow is still -$1,831.00 (-3.64%). At 75% down ($853,500), the property approaches breakeven with estimated monthly cash flow of -$169.50 and cash-on-cash of -0.23%. Only a 100% cash purchase ($1,138,000, total acquisition $1,172,140) produces positive carry at an estimated +$1,492.00 per month and 1.53% cash-on-cash return. No down-payment scenario at conventional leverage delivers neutral or positive cash flow, so the minimum recommended down payment for non-negative carry is effectively 100%.
The investment case here is not in-place yield. It is appreciation tied to Guildwood's land values, the home's recent capital improvements (updated kitchen, new flooring, finished basement, 2022 roof shingles, 2023 furnace and AC), and access to the Guildwood GO station for downtown commuters. A buyer willing to operate the basement as a legal secondary suite may improve the rent picture beyond the current estimate, though that upside is not modelled here and would require permits and code compliance. Given the negative carry under all financed scenarios, this property suits a cash buyer, a portfolio builder using significant equity, or an end-user buyer willing to offset ownership costs with basement rental income.
Hold period should be planned at 60+ months to allow market appreciation and amortization to offset the leveraged carry cost. Investors using mortgage leverage should be prepared to fund the monthly shortfall from outside capital for the duration of the hold. All figures above are estimates based on stated assumptions including a 4.99% mortgage rate and 25-year amortization; actual results will vary.
Key features
- 4+1 bedrooms, 3 bathrooms, detached
- Finished basement with separate bedroom and kitchen, supporting secondary suite income
- Two separate entrances to backyard and side yard
- Recent updates: kitchen, counters, flooring, paint, bathtub
- Roof shingles replaced 2022; furnace and AC replaced 2023
- Walking distance to Guild Park & Gardens and lakeside trails
- Guildwood GO station nearby for downtown commute
- Quick access to Highway 401
Original MLS description
Welcome to 24 Lalton Place, a stunning 4+1 bedroom home situated in the sought-after Guildwood community. This home presents a unique opportunity to indulge in a sophisticated lifestyle, featuring a carefully curated design. The main floor offers a bright and inviting dining and living area, enhanced by the large windows that frame the picturesque landscaped gardens. The upper level is home to four generously sized bedrooms, each boasting elegant laminate flooring. With two separate entrances to both the backyard and side yard, you'll have seamless access to the outdoor space, perfect for enjoying the private interlocked patio. Recent improvements include New Updated kitchen, New counter tops , New flooring and New finished basement a roof Shingles 2022 , accompanied by a furnace and AC system 2023, New Bathtub ,New Paint. The basement is a standout feature, complete with a spacious sitting room, an additional bedroom, and a kitchen-ideal for generating rental income to help pay your mortgage faster. This prime location is just a stone's throw from beautiful parks and scenic trails, including Guild Park & Gardens and lakeside paths. You'll also find top-rated schools, convenient shopping along Kingston Rd, and the Guildwood GO train station nearby, ensuring a quick commute to downtown. With easy access to Highway 401 just minutes away, travel is a breeze. Don't let this chance slip away-schedule your showing today and step into your dream home! (42861264)
Section · Neighborhood
Where it sits.
Guildwood
Guildwood is an established residential pocket in southeast Scarborough, bordered by the Scarborough Bluffs and Lake Ontario. The area is anchored by Guild Park & Gardens and a network of lakeside trails, with retail along Kingston Road and access to Highway 401 within a short drive. The Guildwood GO station provides direct Lakeshore East service to Union Station, which supports rental demand from commuting professionals and underpins long-term land values.
The neighbourhood profile skews toward detached, owner-occupied housing on larger lots, with steady demand from move-up families and downsizers. Investor activity typically focuses on secondary-suite conversions, which aligns with this property's existing basement layout featuring a separate entrance and kitchen.
Section · Risk
What could go wrong.
Honest framing of unknowns, assumptions, and downside scenarios.
No risks flagged by the QA agent.