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New3 hours ago

62 Royal York Road

Mimico, Toronto

$899,000

Detached|Bungalow
2 | 2 | 2
About this home

Welcome to 62 Royal York Rd - where location, lifestyle and opportunity come together in the heart of Mimico. Set on a desirable corner lot, this charming bungalow offers an exceptional opportunity in one of Toronto's most connected and sought-after waterfront communities. Just steps to Lake Shore Blvd, Mimico GO Station and TTC, with effortless access to the Gardiner/QEW and downtown Toronto. Enjoy nearby parks, schools, shops, restaurants, the waterfront and marinas, all while coming home to a quiet, established neighborhood. Freshly painted, the main floor features a spacious living room with a gas fireplace, dining room, kitchen, two bedrooms, and a 4-piece bath. The finished lower level adds a large recreation room, kitchenette, 4-piece bath and separate side entrance. A fully fenced backyard with deck and enclosed storage creates a private outdoor retreat. An ideal opportunity for families, professionals, renovators or builders.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,261
Lot Size33 ft x 80 ft
mls© NumberW13721862
Listed ByKEY REALTY CONNECTIONS 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%
$4,601
Property tax
$355
Heat allowance
$150
Housing costs
$5,107 / mo

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

Down payment20% · $179,800
25-yr amortization

Income needed

$157,000

gross annual household income

Payment at 4%
$3,783 / mo
Cash down
$179,800

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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