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Wexford-Maryvale, Toronto
$1,068,000
Nestled in the heart of desirable Wexford-Maryvale, this versatile bungalow has been converted and optimized for peak rental performance. The property features two bright separate units on the main level , each with separate entrance ,enclosed laundry and kitchen, besides it features a fully finished 518 sq. ft. basement unit with its own private entrance , laundry and kitchen. In addition , a laneway unit is currently under construction on the property. The independent layouts make this an exceptional turn-key investment or an ideal home for buyers seeking a reliable mortgage helper. Unbeatable everyday convenience meets commuting ease: walk to Victoria Terrace in just 1 minute, or reach Parkway Mall, local dining, and neighborhood schools in under 5 minutes. Commuters will appreciate the quick 2.3 km drive to Highway 401 and nearby rail transit just 3 km away. Whether you want to generate multi-unit rental revenue, comfortably house multi-generational family members, or customize the space to your style, this property offers endless potential in a prime sought after Toronto location.
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| Type | Detached |
| Style | Backsplit 3 |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,080 |
| Lot Size | 40 ft x 125 ft |
| mls© Number | E13815836 |
| Listed By | RIGHT AT HOME REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,467
- Property tax
- $340
- Heat allowance
- $150
- Housing costs
- $5,957 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$183,000
gross annual household income
- Payment at 4%
- $4,494 / mo
- Cash down
- $213,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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