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Listed 1 month ago

1274 Woodroffe Avenue

6305 - Kenson Park, Parkway Park - Queensway Terrace S and Area

$580,000

Detached|Bungalow
3 | 2 | 2
About this home

PRIME LOCATION FOR DEVELOPMENT - ATTENTION INVESTORS, BUILDERS & DEVELOPERS! Unlock incredible value with this prime real estate opportunity in a highly sought-after, high-density rental pocket. Situated just minutes from Algonquin College, major transit hubs, shopping, and local amenities, this property boasts unbeatable location mechanics for maximum future returns. REBUILD OR REMODEL: The existing bungalow, an ideal footprint for a complete top-to-bottom transformation, requires extensive renovations and remediation stemming from a 2022 water incident. THE REAL VALUE IS IN THE LAND: For builders and developers, this prime parcel offers the ultimate blank canvas. Under the new zoning provisions, this intensification-ready site presents ideal potential for a semi-detached severance or a multi-unit development project tailored to capture the area's insatiable student and rental demand. Property is being sold in "AS IS, WHERE IS" condition with no representations or warranties. Buyers are advised to conduct their own due diligence regarding zoning, setbacks, and severance potential with the municipality.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,994
Lot Size50 ft x 100.34 ft
mls© NumberX13598020
Listed ByROYAL LEPAGE INTEGRITY REALTY

Listing History

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

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,969
Property tax
$333
Heat allowance
$150
Housing costs
$3,452 / mo

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

Down payment20% · $116,000
25-yr amortization

Income needed

$106,000

gross annual household income

Payment at 4%
$2,441 / mo
Cash down
$116,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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