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New5 hours ago

14 Half Howie Avenue

South Riverdale, Toronto

$729,000

Freehold Townhouse|2-Storey
2 | 2 | 0
About this home

Small century rowhouse located in the heart of South Riverdale, providing good potential for modern living with timeless Victorian character. Very attractive location close to Danforth and everything else South Riverdale has to offer, such as access to Downtown, shops, restaurants and bars. Property is set on a picturesque tree lined street surrounded by beautifully renovated homes with a mature tree in its own backyard that provides park like setting. The house is in need of renovation, ready for someone with vision and desire for the next chapter. Rare opportunity to customize to reflect new owners style and desired details. Floors are original plank pine featuring its century origion and are in reasonably good condition. House was built in 1906 and most recent owners deferred a lot of needed maintenance and now it has to be done to bring out the home's appeal and value. Basement requires complete renewal and so does the kitchen and bathrooms. Backyard is also in need of a major clean up but it should be an attractive feature of the property when completed. Property is offered for sale on an as is where is basis.

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agent
Macallum Tepsich
(647) 326-2579
TypeAtt/Row/Townhouse
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,067
Lot Size13.48 ft x 88 ft
mls© NumberE14160746
Listed ByMFS REALTY SERVICES INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$3,731
Property tax
$422
Heat allowance
$150
Housing costs
$4,304 / mo

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

Down payment20% · $145,800
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$3,068 / mo
Cash down
$145,800

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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