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New1 hour ago

169 Ranee Avenue

Englemount-Lawrence, Toronto

$1,100,000

Detached|Bungalow
3 | 3 | 2
About this home

Attention Contractors, Renovators & Investors! Welcome to 169 Ranee Avenue - an incredible opportunity on an impressive 55' x 132' lot in a highly convenient Toronto location. Renovate, reimagine or explore the possibilities of building new - this property offers the combination of lot size, location and potential you've been looking for. This 3-bedroom bungalow offers approximately 1,550 sq. ft. of above-grade living space, 3 full bathrooms, generous principal rooms and two enclosed porches providing additional flexible space. A separate side entrance leads to the lower level featuring an in-law suite complete with a second kitchen, bedroom and full bathroom. The basement is currently tenanted and also provides additional living/recreation space - offering great versatility for investors, extended families or multi-generational living. Outside, the substantial 55' x 132' lot offers a mature, treed backyard with plenty of green space and privacy. Location is a standout! Walk approximately 4-5 minutes to the subway and walk to Yorkdale Shopping Centre. Enjoy quick access to TTC, Allen Road, Hwy 401, Baycrest Park, schools, shopping, restaurants and everyday amenities. For contractors, renovators and investors, this is an opportunity worth a closer look. Update the existing bungalow, undertake a major renovation or investigate the possibilities for a new build in this established Toronto neighbourhood. Bring your plans and your vision to 169 Ranee Avenue! Home and Chattels is being sold in "As is, where is" condition. No representations or warranties. Some images are virtually Staged.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$6,384
Lot Size55 ft x 132 ft
mls© NumberC13721736
Listed ByCENTURY 21 MILLENNIUM INC.

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%
$5,630
Property tax
$532
Heat allowance
$150
Housing costs
$6,312 / mo

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

Down payment20% · $220,000
25-yr amortization

Income needed

$194,000

gross annual household income

Payment at 4%
$4,629 / mo
Cash down
$220,000

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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