Guildwood 4+1 detached with basement in-law suite, two separate entrances, walk to GO
Renovated 4+1 detached in Guildwood with a basement kitchen, two separate entrances, and recent mechanicals updates. The income-suite layout supports a value-add hold; cap rate is estimated at 1.57% and carry is negative until very low leverage.
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
Section · Why this passed our floor
What lifts the math here
Current cap
1.57% on the existing single-unit rent. The thesis is the income uplift after the conversion is complete, not today's number.
Projected post-conversion spread
$257,635 estimated over a 6-month hold using default market reno costs and the underwritten rent source.
Recommended leverage
75% down to reach neutral or positive carry during the conversion window.
Rent backed by
Estimate sourced from city-wide comparables, not a CMHC fallback.
Every property published on 6Yield clears a multi-stage screen — universal financial floor, per-tier quality gate, and an editorial review on listing evidence. These bullets summarize the specific facts that cleared this property’s tier. Estimates only; not financial advice.
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 |
Calculated at 4.99% mortgage over 25 years. Rent estimated from comparable rentals (n=24).
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.
This is a value-add play for an intermediate investor who can carry negative monthly cost while a basement suite is leased and stabilized. The property already has the bones for a secondary unit: two separate entrances, a basement kitchen, an additional bedroom, and a sitting room. List price is $1,138,000 and the estimated cap rate of 1.57% reflects single-unit underwriting; the thesis depends on operating the lower level as a separate income suite to lift NOI over the hold.
Guildwood sits in southeast Scarborough along the bluffs, anchored by the Guildwood GO train station on the Lakeshore East line, which feeds Union Station directly. Kingston Road is the local retail spine, and Highway 401 access is within minutes. Guild Park and Gardens and the lakeside trail network frame the neighborhood and support steady end-user demand from families. The submarket is dominated by mid-century detached stock on generous lots, which constrains new supply, and the GO corridor continues to draw downtown commuters priced out of Beach and Birch Cliff. School catchments and park frontage anchor resale demand.
At 20% down, estimated monthly cash flow is negative $3,824.80, and even at 50% down the carry remains negative $1,831.00. Breakeven approaches only at 75% down (negative $169.50 per month), and 100% cash produces positive $1,492.00. The recommended execution is 75% down or higher with the basement suite tenanted from month one, holding 36 to 60 months while Lakeshore East GO frequency improvements and Guildwood land scarcity carry value. Refinance once the suite has a documented rent roll.
Key features
- 4+1 bedrooms, 3 bathrooms, detached
- Finished basement with separate kitchen, bedroom, and sitting room
- Two separate entrances to backyard and side yard
- Updated kitchen, counters, and flooring
- Roof shingles 2022; furnace and AC 2023
- Walking distance to Guildwood GO station (Lakeshore East line)
- Minutes to Highway 401
- Adjacent to Guild Park and Gardens and lakeside trails
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 a mature southeast Scarborough enclave on the Lake Ontario bluffs, anchored by the Guildwood GO station on the Lakeshore East line with direct service to Union Station. Kingston Road provides retail and transit, and Highway 401 is a short drive north. Guild Park and Gardens and lakefront trails define the area's amenity base.
Housing stock is predominantly mid-century detached on larger lots, which limits new supply and supports family end-user demand. The corridor continues to benefit from spillover from higher-priced lakeshore neighborhoods to the west.
Section · Risk
What could go wrong.
Honest framing of unknowns, assumptions, and downside scenarios.
High leverage sensitivity: estimated cash flow is negative at 20%, 35%, 50%, and 75% down scenarios; only 100% cash produces positive monthly carry of $1,492.00.
Cap rate of 1.57% is well below GTA financing costs, requiring suite income to support the thesis.
Basement suite legality and fire-code compliance are not confirmed in the listing; legalization may require permitting and additional capital.
Rent estimate is sourced from widened comparables, increasing variance versus actual achievable rent.
Single-unit zoning assumption; any further density would require municipal approval.
Square footage field appears anomalous in source data; verify usable area on site.