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Listed 4 months ago

18 Glasgow Avenue

Clairlea-Birchmount, Toronto

$580,000

Detached|Bungalow
2 | 1 | 5
About this home

This 2-bedroom bungalow offers approximately 700 sq. ft. of living space with a fenced yard. Featuring a 4-piece bathroom, kitchen, and functional layout, the home is in need of extensive repair or rebuild, presenting an excellent chance for builders, renovators, or investors. Located on a quiet street surrounded by many newer homes, and within walking distance to transit, schools, and parks. Property is being sold in as is, where is condition. Interior walkthroughs are unavailable - Only exterior showings.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,950
Lot Size25 ft x 155 ft
mls© NumberE13119114
Listed ByCOMFREE

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%
$2,969
Property tax
$246
Heat allowance
$150
Housing costs
$3,365 / mo

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

Down payment20% · $116,000
25-yr amortization

Income needed

$104,000

gross annual household income

Payment at 4%
$2,441 / mo
Cash down
$116,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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