87 LANCASTER STREET EAST
Cornerstone · N2H1M5
$575,000
About this residence
Legal duplex plus extra unit in a prime area, desirable East Ward. Perfect for entry level investors or adding to existing portfolio. The buyer may choose to live there since one unit is available now. 3 x 1 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen. Close to expressway and shopping,transit. Currently unit 1 pays 1144/month, unit 2 1144/month plus projected rent for another 1 bedroom is 1400/month. Developer, builder opportunity to buy next door(93 Lancaster) so it makes good developing project. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Duplex
- Ownership
- Freehold
- Bedrooms
- 3
- Bathrooms
- 3
- Storeys
- 2
- Living area
- 1,600 sq ft
- Frontage
- 53 feet
- Parking
- 5 spaces
- Annual tax
- $3,134
- MLS®
- 40832474
- Board
- Cornerstone
- Status
- Inactive
- Listed
- May 26, 2026
- Updated
- Jul 2, 2026
Features & finishes
Heating
- Forced air
Basement
- Full
- Unfinished
Exterior
- Brick Veneer
Foundation
- Stone
Sewer & Utilities
- Municipal sewage system
Financing
Estimated monthly payment
$2,689/mo
Loan amount
$460,000
Down payment
$115,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · N2H- 22,456
- Population
- 38
- Median age
- $73,500
- Median income
- $600,000
- Median home value
- 49%
- Home ownership
- 23 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 87 LANCASTER STREET EAST?
87 LANCASTER STREET EAST is listed for $575,000, in Cornerstone.
How many bedrooms and bathrooms does 87 LANCASTER STREET EAST have?
It offers 3 bedrooms and 3 bathrooms.
What type of home is 87 LANCASTER STREET EAST?
87 LANCASTER STREET EAST is a Multi-family, Duplex set over 2 storeys.
How large is 87 LANCASTER STREET EAST?
The home offers approximately 1,600 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,689. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $3,134 per year.
Is there parking?
Yes — 87 LANCASTER STREET EAST includes 5 parking spaces.
What is the Cornerstone area like?
Cornerstone has a population of about 22,456, a median age of 38, a 49% home-ownership rate, with an average commute of about 23 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $73,500.
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