501 Jones Avenue
Blake-Jones, Toronto
$999,000
Attention All First Time Buyers or Investors, Great Income Property In A Very High Demand Area. Currently Set Up As 3 Self-Contained Units But It Can Be Easily Converted Main & Second Floor Into A Large Family Home With A Separate Walk Out In Law Unit With Extra Income. Well Maintained Property In Move In Condition. Great Family Neighbourhood, Close To Subway, Danforth Restaurants, Shopping, Schools, Parks, 24 Hrs TTC, Gerrard Square Shopping Mall, Lakeshore & Ash bridge Park. Very Clean Well Kept Home. Front & Backyard Beautifully Landscaped For Summer Entertaining. Detached Garage For Parking. Updated Electrical Wiring With 200 Amps Supply Panel. Roof Shingles Updated, High Efficiency Furnace & AC (Rental). If The Buyer Wants Seller Can Pay Off At The Time Of Closing. Furnace $69.99 & AC $74.99 a month. Hot Water Tank Rental $39 A Month.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,517 |
| Lot Size | 20.67 ft x 100 ft |
| mls© Number | E13816758 |
| Listed By | RE/MAX REALTRON REALTY INC. |
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
- $376
- Heat allowance
- $150
- Housing costs
- $5,640 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$174,000
gross annual household income
- Payment at 4%
- $4,204 / mo
- Cash down
- $199,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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