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Listed 3 months ago

364 Winona Drive

Oakwood Village, Toronto

$579,900

Detached|Bungalow
2 | 1 | 0
About this home

A fantastic opportunity to own a well-located, condo alternative in the heart of the city, with incredible potential for a full 4 storey build in family friendly thriving Humewood-Cedarvale community. Application approved by the city to construct a new four-storey detached dwelling with an integral garage, driveway with parking, a covered front porch, and a rear basement walkout with a rear deck. Architectural plans, Struc. Eng. drawings and City Zoning approvals are all completed and available. Ideal for commuters, it is perfectly positioned just minutes walk from St. Clair streetcar, the new LRT, Subway Station, with easy access to the Allen Expressway & 401. Close to scenic Cedarvale Ravine, Leo Baeck Day School, and J. R. Wilcox Community School, amenities, cafes, and restaurants along St. Clair and vibrant Oakwood, this location offers a balance of convenience, lifestyle and nature.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$4,065
Lot Size13.83 ft x 110.5 ft
mls© NumberC13215766
Listed BySignature Elite Realty Ltd.

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%
$2,968
Property tax
$339
Heat allowance
$150
Housing costs
$3,457 / mo

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

Down payment20% · $115,980
25-yr amortization

Income needed

$106,000

gross annual household income

Payment at 4%
$2,440 / mo
Cash down
$115,980

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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