2966 Islington Avenue
Humber Summit, Toronto
$969,900
An incredible opportunity for Investors and or builders to own this amazing Income Property. The Official Plan Designated For MMS zoning (Main Street Mixed Use) ranging from commercial and residential applications. An exceptional area providing enormous upside potential for future development and Rezoning. The City of Toronto is exploring possible approval of additional housing applications and increased density along major roads. All buyers to verify and conduct their own due diligence with the city planning department.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,606 |
| Lot Size | 40 ft x 148.03 ft |
| mls© Number | W13584444 |
| Listed By | COLDWELL BANKER THE REAL ESTATE CENTRE |
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%
- $4,964
- Property tax
- $301
- Heat allowance
- $150
- Housing costs
- $5,415 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$167,000
gross annual household income
- Payment at 4%
- $4,081 / mo
- Cash down
- $193,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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