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Price Change$1,349,900

661 Beresford Avenue

Runnymede-Bloor West Village, Toronto

$1,329,900

Detached|Bungalow
2 | 2 | 6
About this home

Outstanding opportunity in prime Junction! **Approved and rare oversized lot with opportunity to build 2 fourplexes side by side on each 16 ft lot, with plans in place. Lots 661A and 661B severance approval notice of decision is complete** Spacious bungalow, great for handy end user or renovator/investor. Solid brick bungalow on 32' x 154' lot, offering rare oversized frontage and depth, along with a private driveway and a detached two-car garage. Ideal for investors or first-time home buyers. Ideal for builder to build to fourplex units side by side or go back in to city to modify plans to make single family homes side by side on 16 ft lots. Severance is approved by city. Seller has paid all planner cost, severance cost, survey and various other city fees. Buyer to pay development charges when build takes place *dwelling and property in as is condition.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,266
Lot Size32 ft x 154 ft
mls© NumberW13508508
Listed ByRE/MAX WEST REALTY INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$6,807
Property tax
$522
Heat allowance
$150
Housing costs
$7,479 / mo

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

Down payment20% · $265,980
25-yr amortization

Income needed

$230,000

gross annual household income

Payment at 4%
$5,596 / mo
Cash down
$265,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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