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New1 hour ago

52 Neilson Avenue

Cliffcrest, Toronto

$1,120,000

Detached|Bungalow
2 | 2 | 3
About this home

Prime Bluffs Location A Rare Opportunity for Builders, Renovators & Investors! An exceptional opportunity awaits in the prestigious Cliffcrest community, one of Scarborough's most sought-after neighborhoods. This expansive 50 x 133 ft lot offers limitless potential, whether you choose to renovate and customize the existing home or build a brand-new luxury residence. With an approved building permit (22 156822 BLD 00 NH) in place for a stunning approx. 4,000 sq. ft. detached home, you can bring your vision to life without delay. Nestled in a vibrant, family-friendly community, this prime location is known for its charm, character, and convenience. Enjoy the best of both worlds with top-rated schools, scenic trails, parks, shopping, and public transit all within walking distance. A truly rare chance to create something extraordinary in the heart of the Bluffs!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,773
Lot Size50 ft x 133 ft
mls© NumberE14158326
Listed ByREALTY 21 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%
$5,733
Property tax
$398
Heat allowance
$150
Housing costs
$6,280 / mo

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

Down payment20% · $224,000
25-yr amortization

Income needed

$193,000

gross annual household income

Payment at 4%
$4,713 / mo
Cash down
$224,000

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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