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Listed 1 month ago

56 Bellamy Road S

Cliffcrest, Toronto

$999,000

Detached|1 1/2 Storey
3 | 3 | 10
About this home

Available For The First Time In 68 Years, This Freshly Repainted & Professionally Cleaned Detached Home Offers An Open Concept Main Floor Ideal For Entertaining. A Separate Entrance ToThe Basement With A Separate Bedroom Provides Great Potential For An In-Law Suite Or Anyone Wanting Income Potential After Some Retrofit. Several Upgrades Were Completed Between 2005 & 2010, Leading The The To A Second 28' x 32' Garage Built In The Backyard With 12' Ceilings, Perfect For Storing Exotic Cars, A Wood Workshop & More! In Addition To The Parking Pad Which Fits 4 Cars And The Attached Garage, The Surface Parking In The Yard Fits Two Additional Cars for The Family Or Visiting Guests. Front Covered Porch (Also Built In 2005) Is Perfect For Shade & People Watching or Afternoon Cocktails. Large Backyard With Potential To Add A Pool. Very Family-Friendly Neighbourhood With Schools Nearby. Just Steps From The Eglinton Go Station & LRT Line or TTC along Kingston Road, You Have Access To All Essentials (Groceries, Banks, Pharmacy, Restaurants, Schools etc.) This Is A Great Opportunity For First Time Home Buyers & Developers Seeking To Build A Dream Home On A Rarely Available Estate Lot Alike!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,502
Lot Size50.06 ft x 150.17 ft
mls© NumberE13504436
Listed ByROYAL LEPAGE SIGNATURE REALTY

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%
$5,113
Property tax
$375
Heat allowance
$150
Housing costs
$5,638 / mo

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

Down payment20% · $199,800
25-yr amortization

Income needed

$173,000

gross annual household income

Payment at 4%
$4,204 / mo
Cash down
$199,800

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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