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Listed 2 months ago

16 Ayre Point Road

Cliffcrest, Toronto

$899,999

Detached|1 1/2 Storey
3 | 2 | 3
About this home

Attention first-time buyers and investors looking for a phenomenal opportunity in a prime Scarborough Bluffs location. Situated in a well-established, family-friendly neighbourhood on a quiet street with very little traffic and just minutes to the lake, waterfront trails, parks, schools, and all amenities along KingstonRoad.Notable features include: 1.5 storey layout with 3 bedrooms and 2 bathrooms; Functional main floor; Finished basement with additionalliving space; Sun room, Huge private backyard; Dead-end Street; Lovingly cared for by same owner for 38 years.Ideal for those looking to update,redesign, or create a custom space in a highly desirable area. Surrounded by multi-million dollar homes and ongoing redevelopment.Perfect opportunity to renovate or rebuild in a AAA+ location that continues to see strong demand. Close to transit and major routes for easycommuting.

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,045
Lot Size45 ft x 165 ft
mls© NumberE13467208
Listed ByHOMELIFE OPTIMUM REALTY

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%
$4,607
Property tax
$420
Heat allowance
$150
Housing costs
$5,177 / mo

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

Down payment20% · $180,000
25-yr amortization

Income needed

$159,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$180,000

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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