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New5 hours ago

28 Glen Echo Road

Lawrence Park North, Toronto

$1,449,000

Detached|Bungalow
2 | 2 | 2
About this home

Fantastic location with everything a short walk from your front door in an executive location! Bright sunny corner lot on Glen Echo, steps to Yonge street and all amenities. Surrounded by luxury homes in a can't be beat area. Owner had plans approved for a two story house to be built, plans will be included in sale. Great opportunity for builders or renovators. Same owner since 1992, it is a bright and warm home, a little outdated and primed for modernization, could be a great family starter home with some upgrades in a great neighborhood. Downstairs basement apartment with separate entrance for extra income, guests or a family to co-live. Take off the roof and add a 2nd story or make it your families starter home in a dream neighborhood!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$7,103
Lot Size24.53 ft x 90.54 ft
mls© NumberC13726732
Listed ByREAL ESTATE HOMEWARD

Listing History

  • No recent sale history for this listing.
  • 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%
$7,417
Property tax
$592
Heat allowance
$150
Housing costs
$8,159 / mo

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

Down payment20% · $289,800
25-yr amortization

Income needed

$251,000

gross annual household income

Payment at 4%
$6,098 / mo
Cash down
$289,800

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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