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Listed 2 months ago

18 Orrell Avenue

Princess-Rosethorn, Toronto

$1,650,000

Detached|2-Storey
3 | 2 | 4
About this home

Exceptional opportunity in one of Islington Heights' most coveted and rarely available enclaves. This 50' x 150' generous-sized, deep lot sits just steps from the Islington Golf Club, surrounded by distinguished multi-million-dollar homes and mature, tree-lined streets. A premium setting for those looking to rebuild, extend, or create a custom luxury residence. Originally built in the 1950s and cherished by only its second owners, the home includes a 1980s second-floor addition and a convenient main-floor bedroom with 4-pc bath. The mature lot, quiet surroundings, and exceptional depth offer an ideal canvas for a future signature home. Unbeatable location: minutes to top schools-Rosethorn Junior, Humber Valley Village JMS, and Richview Collegiate-plus parks, walking trails, transit, Islington Subway Station, boutique dining, and shopping. Quick access to Costco, Hwy 427 and the Gardiner Expressway ensures seamless citywide connectivity. A rare chance to secure a prime lot in one of Etobicoke's most prestigious pockets. | External Link (3D Tour, Drone Video): https://www.winsold.com/tour/458989

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,383
Lot Size50 ft x 150 ft
mls© NumberW13441888
Listed ByHOMELIFE/PROSPERITY LAND REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,445
Property tax
$615
Heat allowance
$150
Housing costs
$9,211 / mo

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

Down payment20% · $330,000
25-yr amortization

Income needed

$283,000

gross annual household income

Payment at 4%
$6,943 / mo
Cash down
$330,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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