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Englemount-Lawrence, Toronto
$1,100,000
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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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,384 |
| Lot Size | 55 ft x 132 ft |
| mls© Number | C13721736 |
| Listed By | CENTURY 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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