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New2 hours ago

10 Thatcher Avenue

Cliffcrest, Toronto

$749,000

Detached|Bungalow
2 | 1 | 2
About this home

Rare opportunity in the highly sought-after Scarborough Bluffs community! Situated south of Kingston Rd on an impressive approximately 40 x 135 ft lot, this unique property spans two streets, with frontage on Thatcher Ave and rear access from Brimley Rd., with no residential property directly behind. Offering exceptional potential for builders, developers, contractors, investors, or first-time buyers ready to put some love into a detached home and make it their own. The existing two-bedroom home also features a very large unfinished basement with a separate entrance, offering excellent storage and significant potential for future living space, subject to municipal approvals. Renovate the existing home, explore an addition, finish the basement, or consider future redevelopment possibilities on this large and distinctive lot. Located on a quiet street where properties rarely become available, surrounded by mature trees, established residences, and many newly built custom homes. Minutes from Bluffer's Park Marina, beaches, waterfront trails, parks, schools, colleges, shopping, TTC service along Kingston Rd, and Scarborough GO Station, with convenient access to downtown Toronto. A property with land, location, and tremendous potential-whether you are looking to create your first home, undertake your next renovation project, or build something new. Property is being sold in as-is condition. Buyers to conduct their own due diligence regarding future use, basement conversion, and development potential. Some Pictures Are Virtually Staged

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,906
Lot Size40 ft x 135 ft
mls© NumberE13636132
Listed ByROYAL LEPAGE REAL ESTATE SERVICES 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%
$3,834
Property tax
$326
Heat allowance
$150
Housing costs
$4,309 / mo

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

Down payment20% · $149,800
25-yr amortization

Income needed

$133,000

gross annual household income

Payment at 4%
$3,152 / mo
Cash down
$149,800

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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