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New3 hours ago

72 Newport Avenue

Oakridge, Toronto

$609,999

Detached|Bungalow
2 | 1 | 1
About this home

Welcome to 72 Newport Ave, your retreat in the heart of East-End Toronto! This charming 2+1 bedroom, 1-bathroom home offers an exciting opportunity for first-time homeowners, multi-generational families and investors alike looking for a condo alternative and without having the hassle of paying monthly maintenance fees . This home is ideal for those looking to grow their families and the large well-maintained backyard is perfect for those sunny afternoons for kids to play and for summer family BBQs. The partially finished basement presents potential for additional living space, an in-law suite or a future potential rental income already equipped with a separate entrance at the rear of the home. Enjoy the convenience of 1 driveway parking spot and an excellent location close to TTC bus routes and just minutes to Line 2 subway and GO Transit. With easy access to schools, parks, shopping, and everyday amenities, this property offers convenience and flexibility for first-time buyers, investors, or those looking to build equity over time.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$3,129
Lot Size25.03 ft x 109.14 ft
mls© NumberE14113342
Listed ByEXP REALTY

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%
$3,122
Property tax
$261
Heat allowance
$150
Housing costs
$3,533 / mo

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

Down payment20% · $122,000
25-yr amortization

Income needed

$109,000

gross annual household income

Payment at 4%
$2,567 / mo
Cash down
$122,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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