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Listed 3 months ago

96 Caines Avenue

Newtonbrook West, Toronto

$1,498,000

Detached|Bungalow
2 | 2 | 3
About this home

Welcome to 96 Caines Avenue - a fantastic opportunity in a highly sought-after neighbourhood! Situated on an impressive 52 x 187 ft lot, this property is surrounded by multi-million dollar homes, making it ideal for investors, builders, or families looking to create their dream home.The charming 2+1 bedroom bungalow offers a bright and functional layout, perfect for living in or renting out while planning your future build. The home also features a separate entrance to a finished basement, providing added flexibility and potential income opportunities.Enjoy unbeatable convenience just minutes from Finch Subway Station, Yonge Street shops and restaurants, Yonge & Steeles Plaza, as well as nearby parks, schools, and everyday amenities.Live in, lease out, or build your dream home later, the possibilities are endless on this exceptional lot!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,968
Lot Size52 ft x 187.31 ft
mls© NumberC13421066
Listed BySUTTON GROUP OLD MILL REALTY 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%
$7,667
Property tax
$581
Heat allowance
$150
Housing costs
$8,398 / mo

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

Down payment20% · $299,600
25-yr amortization

Income needed

$258,000

gross annual household income

Payment at 4%
$6,304 / mo
Cash down
$299,600

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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