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6305 - Kenson Park, Parkway Park - Queensway Terrace S and Area
$580,000
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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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,994 |
| Lot Size | 50 ft x 100.34 ft |
| mls© Number | X13598020 |
| Listed By | ROYAL 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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