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Listed 7 days ago

97 Estelle Avenue

Willowdale East, Toronto

$1,500,000

Detached|Bungalow
3 | 7 | 4
About this home

Attention Builders, Developers & Investors! An exceptional opportunity awaits on this impressive 80 x 100 ft lot, featuring 80 ft of frontage. Enjoy the benefit of established rental income while exploring the property's future potential. The property also offers the potential to live on the main floor while generating additional rental income from the basement, with two separate entrances. Explore the possibilities of a custom-built luxury residence in a family- friendly neighbourhood,potential lot severance or multiplex development, subject to applicable zoning regulations, site requirements, and municipal approvals. The property is being sold in As Is Where Is condition. The Seller and Listing Brokerage make no representations or warranties regarding the retrofit status of the basement unit. Note: Some listing photos have been digitally enhanced using AI for illustrative purposes.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$12,384
Lot Size80 ft x 100 ft
mls© NumberC14141754
Listed ByRE/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%
$7,678
Property tax
$1,032
Heat allowance
$150
Housing costs
$8,860 / mo

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

Down payment20% · $300,000
25-yr amortization

Income needed

$273,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$300,000

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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