59 Kelsonia Avenue
Cliffcrest, Toronto
$1,130,000
New Home BUILDING PERMIT ready for a 4 Bed 5 bath TWO-UNIT house. 4000 SFT + 1800 Basement. Exceptional opportunity for builder, renovator or investors and also for the people ready to build their dream home at the most desirable CLIFFCREST community. House is located in top ranked RH King School zone and Chine Drive and on the south side of Kingston. Premium 50feetX125feet lot. Currently the house is livable condition and is getting $4,600/month rental income. The tenant is flexible and can either stay or leave, which may be especially useful for someone planning a future build. Walking distance to the breathtaking scarborough bluff, few steps to TTC and minutes to GO Train Station.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,539 |
| Lot Size | 50 ft x 125 ft |
| mls© Number | E13429426 |
| Listed By | RIGHT AT HOME REALTY |
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%
- $5,784
- Property tax
- $462
- Heat allowance
- $150
- Housing costs
- $6,395 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$197,000
gross annual household income
- Payment at 4%
- $4,755 / mo
- Cash down
- $226,000
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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