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Oakwood Village, Toronto
$579,000
A fantastic opportunity to own a well-located condo alternative in the heart of the city, nestled in the thriving, family-friendly Humewood-Cedarvale community. The home currently has an interior renovation in progress, presenting a unique blank canvas. Bring your vision to put your own personal mark on the space and finish it to your exact tastes to live in, or take advantage of an incredible development opportunity: Committee of Adjustment approval has already been secured to construct a new four-storey detached dwelling. The approved plans feature an integral garage, driveway parking, a covered front porch, and a rear basement walkout with a deck (architectural plans and structural engineering drawings are available). Step outside to enjoy a lovingly landscaped backyard complete with an established fruit and vegetable garden and patio with a grape trellis. Ideal for commuters, this property is perfectly positioned just a few minutes' walk from the St. Clair streetcar, the new LRT, and the subway station, with easy access to the Allen Expressway and 401. Close to the scenic Cedarvale Ravine, Leo Baeck Day School, J. R. Wilcox Community School, and the vibrant amenities, cafes, and restaurants along St. Clair and Oakwood, this location offers an unmatched balance of convenience, lifestyle, and nature.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | < 700 sq. ft. |
| Property Tax | $4,065 |
| Lot Size | 13.83 ft x 110.5 ft |
| mls© Number | C13821002 |
| Listed By | Signature Elite Realty Ltd. |
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%
- $2,964
- Property tax
- $339
- 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%
- $2,437 / mo
- Cash down
- $115,800
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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