644 Vaughan Road
Oakwood Village, Toronto
$1,199,000
This property on a deep lot is in high demand area, surrounded by redevelopment sites. Zoned CR2, major transit station area, walking distance to Oakwood LRT Station. In addition to being excellent future mixed-use urban development that can combine residential, commercial, and recreational, the property is currently being used as triplex, with two units rented generating a total of $3,600/month ($1,600/month for the bsmt apt and $2,000 for the upper level). The third self contained unit has a potential income of $2,000/month. Five parking spaces in total (1 garage, 2 driveway, and 2 side driveway.
No extras listed.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,542 |
| Lot Size | 23.79 ft x 122.08 ft |
| mls© Number | C13690014 |
| Listed By | AMDIRECT REAL ESTATE SERVICES |
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%
- $6,137
- Property tax
- $379
- Heat allowance
- $150
- Housing costs
- $6,666 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$205,000
gross annual household income
- Payment at 4%
- $5,046 / mo
- Cash down
- $239,800
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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