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Listed 2 months ago

7872 - 7876 Kipling Avenue

West Woodbridge, Vaughan

$1,300,000

Detached|2-Storey
3 | 2 | 2
About this home

Exceptional land assembly opportunity in prime West Woodbridge, close to Woodbridge Ave and Old Woodbridge: 7872 Kipling Ave (33 x 165 ft) with adjacent 7876 Kipling Ave (33 x 107 ft), approx. 66 ft combined frontage. 7872 Kipling features a detached 2-storey home in good condition, move-in ready or rentable for immediate income. 3 bedrooms, 1.5 baths, spacious principal rooms. Finished basement with separate entrance and second kitchen adds extra living space for extended family while you plan redevelopment. Under Vaughan's temporary removal of development charges, a proposed 4-townhouse project on the combined site could save up to$665,832 in DCs. Live in, rent out, or hold while pursuing approvals. Close to Market Lane shopping, schools, parks, new residential developments and transit. Buyers to verify permitted uses, zoning, approvals, fees, levies & development charges.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,653
Lot Size33 ft x 165 ft
mls© NumberN13457002
Listed ByFABIANO 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%
$6,654
Property tax
$388
Heat allowance
$150
Housing costs
$7,192 / mo

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

Down payment20% · $260,000
25-yr amortization

Income needed

$221,000

gross annual household income

Payment at 4%
$5,471 / mo
Cash down
$260,000

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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