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Oakridge, Toronto
$649,000
ATTENTION ALL BUYERS - LOOK NO FURTHER! This home truly checks all the boxes! Whether you're a first-time buyer, looking to upsize or downsize, or an investor, builder, or developer, this is an opportunity you don't want to miss! Welcome to this cute little bungalow in the heart of Scarborough, ideally located within walking distance of the subway, grocery stores, schools, shopping, pharmacies, doctors, and just about everything else you need. Convenience is right at your doorstep! For end users, this is a fantastic opportunity to get into the market, enjoy a comfortable home, and keep your monthly expenses low. But here's where the real opportunity lies! The property comes with permits already in hand for a brand-new home, ready to build! Looking to build your dream home? The seller can even build it for you, with plenty of customization options to make it your own. Whether you're looking for a place to call home, an investment, or your next building project, the possibilities here are endless. At this price, it's absolutely worth a look! Don't miss out!
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Listing History
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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%
- $3,322
- Property tax
- $242
- Heat allowance
- $150
- Housing costs
- $3,714 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$114,000
gross annual household income
- Payment at 4%
- $2,731 / mo
- Cash down
- $129,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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