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Listed 3 months ago

148 Rowntree Mill Road S

Humber Summit, Toronto

$1,999,888

Detached|Bungalow
3 | 2 | 10
About this home

ATTENTION INVESTORS, DEVELOPERS. Discover the potential of this fully renovated detached bungalow situated on an expansive premium double lot measuring [100 x 459] feet - a rare find offering exceptional redevelopment and investment possibilities. This versatile property features a bright and spacious main level with 3 generous bedrooms, plus a professionally finished basement apartment complete with its own separate entrance and an additional 3 bedrooms, creating an outstanding income-generating opportunity. Nestled near the scenic beauty of Rowntree Mills Park and the picturesque Humber River, this home combines tranquility with incredible future potential. Recent upgrades include a stylish new front porch railing and brand-new wood fencing completed in 2024. An exceptional opportunity for investors, builders, or families looking to secure a truly unique property.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,558
Lot Size100 ft x 459.9 ft
mls© NumberW13146982
Listed BySAM MCDADI REAL ESTATE INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$10,236
Property tax
$463
Heat allowance
$150
Housing costs
$10,849 / mo

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

Down payment20% · $399,978
25-yr amortization

Income needed

$334,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$399,978

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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