

318 Holmes Avenue
Willowdale East, Toronto
$2,098,000
Excellent opportunity for investors, builders, and developers in a prime North York location. This property offers strong long-term redevelopment potential, whether held as a rental or explored for future construction. The lot presents the possibility for redevelopment subject to city approvals, with potential for townhouse development. The surrounding area continues to experience active intensification, making this a strategic acquisition for those seeking future upside. The property may also benefit from potential land assembly with neighbouring parcels, further enhancing redevelopment options. Conveniently located near Bayview Avenue, transit, schools, and amenities. A rare chance to secure a well-positioned parcel in an established neighbourhood with strong growth fundamentals.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $12,186 |
| Lot Size | 85.59 ft x 104.98 ft |
| mls© Number | C13557598 |
| Listed By | RE/MAX REALTRON 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%
- $10,739
- Property tax
- $1,016
- Heat allowance
- $150
- Housing costs
- $11,904 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$366,000
gross annual household income
- Payment at 4%
- $8,829 / mo
- Cash down
- $419,600
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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