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New2 hours ago

2 Ellins Avenue

Rockcliffe-Smythe, Toronto

$949,900

Detached|Bungaloft
2 | 2 | 4
About this home

Excellent Investment Opportunity perfect for investors, end-users, multi-generational families or for co-ownership enthusiasts. This unique property features two (2) separate entrances, two (2) kitchens, and (2) two driveways. Parkwith ease using the large detached 1 car-garage with private driveway parking accessible via Jane Street, or utilizethe driveway directly off Ellins Avenue that carries an active City of Toronto Front-Yard Parking Permit @($374.18/year). Recent and updated survey and conceptual plans for a four-unit residential property (4-Plex plansreadily available). This property boasts massive potential to be transformed into a lucrative 4-plex along with agarden suite with a tremendous upside in one of Toronto's most dynamic communities. Close to Bloor WestVillage, The Junction, The Stockyards Mall, TTC, Jane Station, schools, parks, golf, shopping & restaurants.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungaloft
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,480
Lot Size28.03 ft x 115.21 ft
mls© NumberW13635812
Listed ByFOREST HILL REAL ESTATE 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%
$4,862
Property tax
$290
Heat allowance
$150
Housing costs
$5,302 / mo

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

Down payment20% · $189,980
25-yr amortization

Income needed

$163,000

gross annual household income

Payment at 4%
$3,997 / mo
Cash down
$189,980

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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