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New2 hours ago

361 Rathburn Road

Islington-City Centre West, Toronto

$899,900

Detached|Bungalow
3 | 2 | 3
About this home

OPPORTUNITY KNOCKS IN ETOBICOKE! Whether you're a builder, developer, investor, or buyer with a vision, this property offers plenty of possibilities and potential! Situated on a generous 45 x 122 ft lot, this older detached bungalow presents an excellent opportunity to renovate, reimagine, or build your custom dream home. For those with an eye on development, explore the potential for lot severance, redevelopment, or even a future land assembly, with several neighbouring properties featuring older bungalows along the same stretch. Offered at very competitive price, take advantage of this exciting opportunity and unlock the potential of this well-established Etobicoke location. Renovate it, rebuild it, or explore the possibilities - the next chapter is yours to create! Some photos have been virtually staged.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,126
Lot Size45 ft x 122.5 ft
mls© NumberW14094616
Listed ByREAL BROKER ONTARIO LTD.

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%
$4,606
Property tax
$427
Heat allowance
$150
Housing costs
$5,183 / mo

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

Down payment20% · $179,980
25-yr amortization

Income needed

$159,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$179,980

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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