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New4 hours ago

621B&C The Queensway N/A

Stonegate-Queensway, Toronto

$1,950,000

Freehold Townhouse|3-Storey
3 | 3 | 1
About this home

Rare Opportunity To Own A Commercial Storefront With A Very Spacious 3-Bedroom Apartment Above! The Upstairs Residential Tenant Is On A Month-To-Month Tenancy. The Main-Floor Commercial Lease Is Expiring Soon, Offering Potential For An End-User Or Owner-Operator, While The Existing Tenant May Be Willing To Stay. The Upper Level PERMIT APPROVED for A Live/Work Space, Or Two Residential Units, Subject To Applicable Zoning And Required Municipal Approvals. An Excellent Opportunity For Investment, Own Use, Or A Potential Business Transfer. Seller May Consider A Vendor Take-Back Mortgage (VTB), Subject To Buyer Qualification And Mutually Acceptable Terms.

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BrokerHub Inc.
(647) 254-1864
TypeAtt/Row/Townhouse
Style3-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,361
Lot Size18.04 ft x 82.55 ft
mls© NumberW13861366
Listed ByRE/MAX IMPERIAL REALTY INC.

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$9,981
Property tax
$697
Heat allowance
$150
Housing costs
$10,828 / mo

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

Down payment20% · $390,000
25-yr amortization

Income needed

$333,000

gross annual household income

Payment at 4%
$8,206 / mo
Cash down
$390,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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