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Listed 3 months ago

60 Greensides Avenue

Wychwood, Toronto

$1,149,000

Detached|2-Storey
2 | 3 | 1
About this home

Skip the red tape and break ground at 60 Greensides Avenue. This isn't just a property; it's a fully prepped, development site in the heart of Wychwood-one of Toronto's most coveted, community-centric enclaves.The heavy lifting is done. With community adjustment approvals and plans already in hand, you save months of design fees, municipal approvals, and carrying costs. It's a Luxury Statement: A massive ~3,000 sq. ft. living space, 3-storey custom detached home. Think 9'6" ceilings, 4 bedrooms, 5 bathrooms, and potential for a 2-car garage with a laneway suite.Steps from Wychwood Barns and the city's best cafes, this is a "plug-and-play" opportunity for the savvy developer.Sold in "as-is, where-is" condition. While 60 Greensides Avenue is famously shovel-ready, it also offers a rare financial advantage for the strategic buyer. The existing structure currently features three fully self-contained units, providing a turnkey solution for immediate rental income. Whether you are coordinating your build team or waiting for the ideal market window to break ground, this "buy-and-hold" potential allows you to generate significant revenue to offset carrying costs. Secure your footprint in Wychwood today and enjoy a high-yield transition period until you are ready to execute the new building plans.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,319
Lot Size20.01 ft x 104.42 ft
mls© NumberC13123508
Listed ByHOMELIFE LANDMARK REALTY 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%
$5,881
Property tax
$527
Heat allowance
$150
Housing costs
$6,558 / mo

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

Down payment20% · $229,800
25-yr amortization

Income needed

$202,000

gross annual household income

Payment at 4%
$4,835 / mo
Cash down
$229,800

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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