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2906-10 Kingston Road

Cliffcrest, Toronto

$3,999,000

Detached|Bungalow
3 | 3 | 3
About this home

Prime development opportunity on Kingston Rd! This 120 x 130 ft lot (15,600 sq. ft.) offers immense potential for investors, developers, and builders.Located in a high-growth area, this property is zoned RD, permitting a wide range of uses beyond residential, including community centres, day nurseries, group homes, laneway suites, libraries, places of worship, private home daycares, secondary suites, short-term rentals, transportation uses, and more.With new city street studies in progress and high-rise developments getting approved along major streets in Scarborough, this site presents a rare opportunity for future intensification. Dont miss out on this prime location with flexible zoning and future growth potential. Do not walk the lot or knock on the door without an appointment.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,599
Lot Size120 ft x 130 ft
mls© NumberE12336727
Listed ByJOHNSTON & GREEN 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%
$20,469
Property tax
$383
Heat allowance
$150
Housing costs
$21,002 / mo

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

Down payment20% · $799,800
25-yr amortization

Income needed

$646,000

gross annual household income

Payment at 4%
$16,828 / mo
Cash down
$799,800

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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