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Newtonbrook East, Toronto
$2,230,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $10,595 |
| Lot Size | 67.5 ft x 325 ft |
| mls© Number | C13017678 |
| Listed By | REAL ONE REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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