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Cliffcrest, Toronto
$640,000
*** Builders/Contractors/Investors *** - This is your opportunity to invest in a property with loads of potential for your next project. Ideal for teardown & custom build located ** South of Kingston Rd ** nestled in the highly desireable Scarborough Bluffs Community, surrounded by mature trees, parks & upscale residences. Minutes to the Lake & Bluffer's Park Beach & Marina with walking trails, picnic areas & scenic vistas. Close to major transit options with TTC on Kingston Rd & 5 mins drive to Scarborough Go Station for an easy downtown commute. Close to major amenities including shopping and schools. ***PRICED FOR QUICK SALE***
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | < 700 sq. ft. |
| Property Tax | $3,951 |
| Lot Size | 35 ft x 138 ft |
| mls© Number | E13483240 |
| Listed By | RE/MAX HALLMARK FIRST GROUP 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%
- $3,276
- Property tax
- $329
- Heat allowance
- $150
- Housing costs
- $3,755 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$116,000
gross annual household income
- Payment at 4%
- $2,693 / mo
- Cash down
- $128,000
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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