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Listed 3 months ago

316 Ellerslie Avenue

Willowdale West, Toronto

$1,486,000

Detached|Bungalow
3 | 2 | 3
About this home

Welcome to this beautifully Top To Bottom renovated, in the prestigious Willowdale West neighborhood. Perfectly positioned on a south-facing 35 x 144 ft lot, this home offers bright, open spaces and a thoughtfully updated design that blends elegance with everyday comfort. The main floor features an sleek stainless-steel appliances, and ample cabinetry ideal for both family living and entertaining. Sunlight fills the spacious living and dining areas through large windows, highlighting the laminate floors that flow throughout. Three well-proportioned bedrooms The fully finished basement is equally impressive, offering a bright, versatile living space with large windows and a separate entrance perfect for extended family, in-laws, or rental income potential. Here you'll find two additional bedrooms, one full bathrooms, a full kitchen, and generous open living areas. Step outside to a beautiful backyard. The south exposure ensures natural light all day, and the deep lot provides room to garden, play, or simply unwind. Located in one of North York's most sought-after communities, this property is close to schools, parks, the North York Central Library, shopping, and transit, while maintaining the tranquility of a peaceful residential street. Whether you're looking for a move-in-ready family home, a smart investment with income potential, or a rare piece of prime Willowdale land to hold and build in the future, this residence delivers it all. Don't miss the opportunity to own this bright, spacious, and impeccably updated bungalow in an unbeatable location.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,570
Lot Size35 ft x 144 ft
mls© NumberC13219082
Listed ByRE/MAX GOLD REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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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%
$7,606
Property tax
$381
Heat allowance
$150
Housing costs
$8,137 / mo

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

Down payment20% · $297,200
25-yr amortization

Income needed

$250,000

gross annual household income

Payment at 4%
$6,253 / mo
Cash down
$297,200

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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