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New3 days ago

73 Nipigon Avenue

Newtonbrook East, Toronto

$799,900

Detached|Bungalow
3 | 3 | 3
About this home

Oversized corner lot (50 x 122.5 ft) in prime Newtonbrook East, near Yonge and Steeles. Renovate the existing home, build a custom residence, or explore adding a garden suite. The main level features 3 bedrooms, a full bathroom, and a full kitchen. With a separate entrance, two full bathrooms, space for a kitchen, and a layout that could accommodate up to 4 bedrooms, the basement offers room for extended family or the potential for a rental suite to help offset carrying costs. The home also features a newer roof (2023) and a new hot water tank (2026). Close to Centrepoint Mall, schools, parks, restaurants, and TTC and YRT routes, with convenient access to Finch Station and major highways. The buyer and buyer's agent are to verify zoning, permitted uses, and required approvals for any rental suite, garden suite, or redevelopment.

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This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,665
Lot Size50.08 ft x 122.5 ft
mls© NumberC14160406
Listed ByRE/MAX WEST 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%
$4,094
Property tax
$639
Heat allowance
$150
Housing costs
$4,883 / mo

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

Down payment20% · $159,980
25-yr amortization

Income needed

$150,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

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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