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Price Change$1,128,000

3833 Finch Avenue E

L'Amoreaux, Toronto

$1,065,000

Detached|Bungalow
3 | 5 | 5
About this home

***Around $6500 EXTRA Income*** property with a lot of potentials. ***PERFECT Cap Rate***This is a home you should consider if you are a savvy investor having an investment aspect in your real estate plan. Let's go over the reasons to buy this property:1) The future GO station is only a steps away=investment value not to be missed 2) Lot size 60x125 is a rare found, SOUTH LOT with a huge driveway(5-6 cars) &backyard. A P.E.R.F.E.C.T Option for multi residential use or mixed use, Commercial & Residential, and a secure EXTRA income due to zoning 3)LOTS of potentials to take advantage of: make an addition or extension to the house.4)3Bedrooms with Ensuites+1suite with Ensuite in the basement=Ease up on mortgage. The vacancy rate is almost ZERO. All the bedrooms in the basement have ensuite bathroom.5) Everything is just a short drive away: supermarkets, restaurants, parks, and golfclubs. Come and check this out! Upgrades: Shingles(2024) , Furnace and AC (2023), Front Yard LandScaping (2019), Laundry (2023).

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,766
Lot Size60.06 ft x 125.13 ft
mls© NumberE13482106
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

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  • 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%
$5,451
Property tax
$397
Heat allowance
$150
Housing costs
$5,998 / mo

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

Down payment20% · $213,000
25-yr amortization

Income needed

$185,000

gross annual household income

Payment at 4%
$4,482 / mo
Cash down
$213,000

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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