

137 King Edward Avenue
Woodbine-Lumsden, Toronto
$599,000
**Welcome to 137 King Edward Avenue!** An exciting opportunity to build your dream custom home on a vacant lot in an amazing and well-established neighborhood. This property is **ready for construction with a city-approved design**, making it an excellent opportunity for builders, investors, or families looking to create a home tailored to their needs. The approved design offers approximately **1,700 sq. ft. of modern living space** with an open-concept layout featuring a spacious living room, family room, and kitchen. The planned home also includes a **separate basement entrance** with a one-bedroom basement unit, offering excellent potential for an in-law suite, extended family, or additional rental income. Situated in a **wonderful community with friendly neighbors**, this property offers exceptional convenience. Enjoy easy access to the **DVP** and be just steps away from **schools, parks, TTC, shops, restaurants, and local farmers' markets**.A rare opportunity to build a modern custom home in a fantastic location. **Bring your vision to life at 137 King Edward Avenue!**
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | < 700 sq. ft. |
| Property Tax | $3,829 |
| Lot Size | 17.45 ft x 126.38 ft |
| mls© Number | E13726010 |
| Listed By | ROYAL LEPAGE VISION 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%
- $3,066
- Property tax
- $319
- Heat allowance
- $150
- Housing costs
- $3,535 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$109,000
gross annual household income
- Payment at 4%
- $2,521 / mo
- Cash down
- $119,800
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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