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New4 days ago

8 Farrell Avenue

Willowdale West, Toronto

$999,000

Detached|1 1/2 Storey
3 | 3 | 4
About this home

Rare Opportunity in Sought-After Willowdale West! Situated on a premium 50 x 131 ft lot and surrounded by impressive custom-built homes, this well-maintained 3-bedroom, 3-bathroom detached property offers exceptional potential for investors, builders, or end users. Renovate, build your dream home, or hold as a long-term investment in one of North York's most desirable neighborhoods. The fully finished basement features a separate entrance, providing excellent flexibility and potential additional income. Conveniently located near highly rated schools, parks, shopping, restaurants, and public transit. An outstanding opportunity in a prime location!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,052
Lot Size50 ft x 131 ft
mls© NumberC13704908
Listed ByINTERNATIONAL REALTY FIRM, INC.

Listing History

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  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$5,113
Property tax
$588
Heat allowance
$150
Housing costs
$5,851 / mo

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

Down payment20% · $199,800
25-yr amortization

Income needed

$180,000

gross annual household income

Payment at 4%
$4,204 / mo
Cash down
$199,800

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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