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Listed 2 months ago

10 Colonial Avenue

Cliffcrest, Toronto

$799,000

Detached|Bungalow-Raised
3 | 2 | 5
About this home

RARE OVER SIZED LOT!!!- Charming 3+2 Bedroom Bungalow perfect for renovators, builders and downsizers! Welcome home to an inviting space nestled on a rare, oversized lot with a private laneway running behind-a perfect opportunity for future potential or extra parking space. Step inside to find an inviting open-concept main floor featuring a renovated kitchen with natural stone countertops, sleek cabinetry, and lots of light. A cozy fireplace adds warmth and charm to the main level which offers three comfortable bedrooms, while the basement has a separate entrance and includes two additional bedroom spaces awaiting the finishing touches, a second kitchen, and ample room waiting for your renovation ideas to be brought to light-ideal for an in-law suite or future rental potential. Enjoy the outdoors in your beautifully treed backyard, complete with a large workshop for hobbyists or extra storage. Additional features include a tankless hot water system, large laundry room, and convenient access to nearby schools, parks, shopping, and transit. This property combines comfort, space, and future potential in one of Scarborough's most desirable neighborhoods. Don't miss your chance to own this versatile and well-loved home!

Extras

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Got questions?

Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,375
Lot Size46.5 ft x 237 ft
mls© NumberE13422082
Listed ByRE/MAX REALTY ENTERPRISES 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%
$4,090
Property tax
$365
Heat allowance
$150
Housing costs
$4,604 / mo

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

Down payment20% · $159,800
25-yr amortization

Income needed

$142,000

gross annual household income

Payment at 4%
$3,362 / mo
Cash down
$159,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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