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Listed 2 months ago

462 Ellerslie Avenue

Willowdale West, Toronto

$1,249,000

Detached|1 1/2 Storey
3 | 1 | 7
About this home

***Extremely Rare Huge 50 ft x 300 ft Lot ----- Investors, Developers, Builders, Renovators & End Users ------ Very rare & precious opportunity ------ Multiplex or Multi-Unit Residential Development***Great Location in the highly sought-after Willowdale West community, North York***This property is not good for a family to move in right, however, it offers exceptional potentials for renovation, expansion, redevelopment, or future investment! As the City of Toronto continues to support increased housing options in residential neighbourhoods, this super expansive lot may present excellent opportunities for redevelopments, subject to zoning by-laws, building permits, and all required municipal approvals, never miss it! Under the impact of AI, the redevelopment of property can meet three critical demands: Multi-Generational Houses, Multiple-Unit Versatility, and Integrated Hybrid Workspaces. This huge lot property is uniquely engineered to meet the emerging requirements, making it a premier opportunity for forward-thinking and motivated investor/builder/devloper! Conveniently located just steps to parks, ravines, greenbelts, schools, public transit, community centre, plaza, shopping, and everyday amenities.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$7,624
Lot Size50 ft x 300 ft
mls© NumberC13470496
Listed ByTAIHOME REALTY INC.

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$6,393
Property tax
$635
Heat allowance
$150
Housing costs
$7,178 / mo

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

Down payment20% · $249,800
25-yr amortization

Income needed

$221,000

gross annual household income

Payment at 4%
$5,256 / mo
Cash down
$249,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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