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Listed 6 months ago

212 Cummer Avenue

Newtonbrook East, Toronto

$2,230,000

Detached|2-Storey
6 | 3 | 8
About this home

Developers & Investors: Rare opportunity on a massive 67.5' x 325' lot in prime North York. Located on Cummer Ave, minutes from Finch Subway and the future subway extension. The house is fully renovated from top to bottom, featuring a new roof, windows, furnace, and AC. Follow the lead of neighboring properties (162,164,166,200 Cummer Ave), currently being redeveloped into 14 detached homes. Future development potential is immense.Future potential redevelopment plan attached.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$10,595
Lot Size67.5 ft x 325 ft
mls© NumberC13017678
Listed ByREAL ONE REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$11,414
Property tax
$883
Heat allowance
$150
Housing costs
$12,447 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $446,000
25-yr amortization

Income needed

$383,000

gross annual household income

Payment at 4%
$9,384 / mo
Cash down
$446,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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