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Listed 3 months ago

4 Spall Court

Highland Creek, Toronto

$1,999,999

Detached|2-Storey
5 | 8 | 4
About this home

Welcome to this exceptional detached two-unit home. 2023 city-permitted basement, fully finished with its own separate entrance. This spacious home offers a livable area of 4,159 sq ft. This 2-unit detached home offers 7 rooms plus 1 media room and 8 washrooms, making it ideal for investors or families. Key features include 200-amp electrical panel and egress windows in all basement rooms and the kitchen. The backyard backs onto a park for privacy and green space. Conveniently located near U of T Scarborough, Centennial College, Toronto Pan Am Sports Centre, highways, Centenary Hospital, and the library. TTC within walking distance. This property offers tremendous income potential, making it a great investment opportunity

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age16-30
Size2500-3000 sq. ft.
Property Tax$6,840
Lot Size40.07 ft x 115.74 ft
mls© NumberE13037026
Listed ByGALAXY STARS 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%
$10,237
Property tax
$570
Heat allowance
$150
Housing costs
$10,957 / mo

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

Down payment20% · $400,000
25-yr amortization

Income needed

$337,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$400,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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