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New3 hours ago

507 Atlas Avenue

Oakwood Village, Toronto

$1,199,000

Detached|Bungalow
2 | 2 | 4
About this home

Welcome to 507 Atlas Ave, a great opportunity in the heart Cedarvale. Situated on a rare 30 x 133 ft lot in one of Toronto's most sought-after neighbourhoods, this property offers tremendous potential to build new, expand, or redevelop to create a custom residence. The existing 2+1 bedroom bungalow is a well-maintained, classic pride-of-ownership home that can be enjoyed as-is or provide flexibility while planning future possibilities. A private driveway, garage, and beautifully landscaped backyard add further value to the property. Ideally located with immediate access to transit and the Allen Expressway, and steps to the scenic Cedarvale Ravine, close to Cedarvale Park, top-tier public and private schools including Cedarvale, Forest Hill Collegiate, Leo Baeck and the vibrant shops and amenities of Eglinton. A rare opportunity to secure a substantial lot in an established, family-friendly neighbourhood with exceptional long-term potential.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,941
Lot Size30 ft x 133 ft
mls© NumberC13752330
Listed ByHARVEY KALLES REAL ESTATE LTD.

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%
$6,137
Property tax
$412
Heat allowance
$150
Housing costs
$6,699 / mo

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

Down payment20% · $239,800
25-yr amortization

Income needed

$206,000

gross annual household income

Payment at 4%
$5,046 / mo
Cash down
$239,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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