114 Eaton Avenue
Danforth, Toronto
$1,099,000
Permit-Ready Development Opportunity! Build Approximately 2,200 Sq. Ft. Plus a Legal 2-Bedroom Basement Apartment (Legal Duplex). An Exceptional Opportunity for Homeowners, Investors, Or Builders-Ideal to Live In, Generate Rental Income, Or Build New. Located in a Prime East York Neighbourhood, Just A Short Walk to Pape Subway Station and Within the Highly Sought-After Riverdale Collegiate Institute School District. All Development Fees Have Been Paid, Allowing Construction to Begin Without Delay. Approved Permits Are in Place for a 4-Bedroom, 5-Bathroom Home with a Legal Secondary Suite. a Rare Turnkey Investment Opportunity in one of Toronto's Most Desirable Communities.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $1 |
| Lot Size | 20 ft x 125 ft |
| mls© Number | E13600252 |
| Listed By | CENTURY 21 PARKLAND 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%
- $5,625
- Property tax
- $0
- Heat allowance
- $150
- Housing costs
- $5,775 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$178,000
gross annual household income
- Payment at 4%
- $4,625 / mo
- Cash down
- $219,800
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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