7 Helen Avenue
Keelesdale-Eglinton West, Toronto
$799,000
Opportunity for builders, investors and end users alike. This 2-storey detached home sits on a deep 25 x 141 ft lot in Ward 9 (Davenport), one of the Toronto wards where sixplexes are permitted as-of-right. The generous lot depth and private driveway make the property well suited to a multiplex conversion, with room to add a garden suite at the rear. Live in it, rent it, or build for the future on a quiet street steps to Rogers Rd transit and a short walk to Caledonia Station on the Eglinton LRT, with St. Clair West and Corso Italia close by.
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Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,090
- Property tax
- $297
- Heat allowance
- $150
- Housing costs
- $4,537 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$140,000
gross annual household income
- Payment at 4%
- $3,362 / mo
- Cash down
- $159,800
Assumes no other monthly debts · 25-yr amortization
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