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Rockcliffe-Smythe, Toronto
$949,900
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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| Type | Detached |
| Style | Bungaloft |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,480 |
| Lot Size | 28.03 ft x 115.21 ft |
| mls© Number | W13635812 |
| Listed By | FOREST 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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