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New2 days ago

3855 Finch Avenue W

L'Amoreaux, Toronto

$1,599,000

Detached|Bungalow
3 | 2 | 8
About this home

PRIME OPPORTUNITY ON FINCH AVE EAST!Gorgeous Sun-filled Home!LOCATION, LOCATION, LOCATION! Prime Lot Situated At Finch Avenue & Kennedy Road! 60 Ft Lot Combined With TWO Abutting Lots For A Total Of 180 Ft Frontage! An exceptional opportunity for developers, builders, investors, and end users alike. This substantial property offers outstanding potential in a highly sought-after location, with the added advantage of being within walking distance of the future GO Station.With its generous lot size, prominent, and strategic location, the property presents exciting possibilities for future development including potential for a purpose-built rental apartment development through the CMHC (Canadian Housing And Mortgage Corporation) purpose built rental Program! Whether you are looking to build, invest, or secure a property with significant long-term potential, opportunities of this calibre are rarely available.Enjoy unparalleled convenience with easy access to shopping centres, schools, restaurants,public transit, major highways including the 401, 404, and 407, as well as the scenic and highly desirable Scarborough Bluffs.An exceptional location with tremendous present-day convenience and exciting future potential.Don't miss the opportunity to secure this rare property!This impressive property offers a rare combination of lot size, location, exposure, and development potential, making it an ideal opportunity for developers, builders, investors, and discerning end users. Situated within walking distance of the future GO Station, this property is positioned to benefit from significant improvements in transit connectivity and continued growth in the surrounding area. The possibilities are compelling, whether you are looking to explore development, build, hold as a strategic investment, or create a custom residence.The basement was renovated recently & Main Floor was renovated 3 years ago.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,805
Lot Size60.07 ft x 125.33 ft
mls© NumberE14142580
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,184
Property tax
$484
Heat allowance
$150
Housing costs
$8,818 / mo

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

Down payment20% · $319,800
25-yr amortization

Income needed

$271,000

gross annual household income

Payment at 4%
$6,729 / mo
Cash down
$319,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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