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L'Amoreaux, Toronto
$1,065,000
***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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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,766 |
| Lot Size | 60.06 ft x 125.13 ft |
| mls© Number | E13482106 |
| Listed By | RE/MAX REALTRON 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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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