165 Florence Avenue
Lansing-Westgate, Toronto
$1,788,000
50 ft. Lot Can Potentially Be Severed into 2 - Amazing Investment Opportunity (Subject to City Approval) --------- Calling All Developers, Builders, Investors, the most favorable lot size: 50 x 128 ft. for builders to build a massive custom home, nestled in a desirable Multi-Million Dollar Homes neighborhood close to Subway, schools, parks, shopping and Restaurants. large eat-in kitchen, beautiful family room with a fireplace.
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| Type | Detached |
| Style | Backsplit 3 |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,440 |
| Lot Size | 50 ft x 128 ft |
| mls© Number | C12593664 |
| Listed By | RE/MAX ATRIUM HOME 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%
- $9,152
- Property tax
- $703
- Heat allowance
- $150
- Housing costs
- $10,005 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$308,000
gross annual household income
- Payment at 4%
- $7,524 / mo
- Cash down
- $357,600
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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