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New6 days ago

58 Deanvar Avenue

Wexford-Maryvale, Toronto

$1,068,000

Detached|Backsplit 3
6 | 3 | 3
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBacksplit 3
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,080
Lot Size40 ft x 125 ft
mls© NumberE13815836
Listed ByRIGHT 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.

Down payment20% · $213,600
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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