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New2 hours ago

1 Davidson Avenue

Clairlea-Birchmount, Toronto

$649,000

Detached|1 1/2 Storey
3 | 3 | 8
About this home

Attention Renovators, Investors & Handy Buyers! This detached 1.5-storey Scarborough home sits on an impressive 40 x 155 ft lot and offers incredible potential for those looking to renovate, customize or create their dream home. Originally configured as a four-bedroom home, two of the upper-level bedrooms have been combined to create one spacious bedroom, resulting in one bedroom upstairs, one on the main plus an additional bedroom in the finished basement.The main level features hardwood flooring throughout the living and dining rooms, along with plenty of warm oak trim and character. With three washrooms throughout the home, there is plenty of space and flexibility for a growing or multi-generational family.The finished basement has a separate entrance and includes its own kitchen, living room, bedroom and washroom, providing excellent possibilities for extended family.Outside is where this property really stands out. Enjoy a massive 40 x 155 ft lot, a large covered deck off the back of the home and an oversized double detached garage. The private driveway provides parking for numerous vehicles, making it ideal for families, contractors, hobbyists or anyone needing extra parking and storage space.This home is a true fixer-upper and handyman's dream, offering a rare opportunity to add value while benefiting from an exceptionally deep lot, generous parking, a large garage and a versatile basement setup. Bring your vision and transform this property into something special!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,420
Lot Size42 ft x 155 ft
mls© NumberE13728698
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

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  • 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%
$3,322
Property tax
$368
Heat allowance
$150
Housing costs
$3,840 / mo

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

Down payment20% · $129,800
25-yr amortization

Income needed

$118,000

gross annual household income

Payment at 4%
$2,731 / mo
Cash down
$129,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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