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Humewood-Cedarvale, Toronto
$2,329,000
Welcome to 199 Arlington Ave - a never-lived-in home in Cedarvale, designed to maximize space, flexibility and income potential. Finished with a modern European sensibility, this home features top-of-the-line Italian finishes, including imported doors, windows, faucets and hardware, creating the feeling of a contemporary villa in the heart of the city. Designed to suit virtually any lifestyle, this is an incredible opportunity for growing families, investors, multi-generational living or anyone looking to offset their mortgage with substantial supplementary income. The property features two optional self-contained living spaces: a fully separate, separately metered garden suite, plus a complete lower-level apartment. Together, these spaces have the potential to generate an estimated $5,500-$6,000 per month in supplementary income. Alternatively, the garden suite offers an outstanding private home office, studio, guest suite or space for extended family. Inside, every detail is brand new. Hardwood flooring runs throughout, complemented by custom millwork, luxurious Italian fixtures and high-end built-in Thermador appliances. The layout has been carefully planned to maximize functionality without sacrificing style, offering generous principal rooms, natural light and sophisticated finishes. Set in sought-after Cedarvale, 199 Arlington offers the best of city living with a true neighbourhood feel. Enjoy easy access to parks, ravine trails, shops, restaurants, transit and neighbourhood amenities. Families will also appreciate being part of the Humewood Community School neighbourhood. Whether you are searching for a luxurious family home, an investment with multiple income streams, a multi-generational property, or simply a brand-new home with extraordinary flexibility, 199 Arlington delivers.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | New |
| Size | 2500-3000 sq. ft. |
| Property Tax | $6,325 |
| Lot Size | 24.03 ft x 107.39 ft |
| mls© Number | C13761786 |
| Listed By | HARVEY KALLES REAL ESTATE LTD. |
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%
- $11,921
- Property tax
- $527
- Heat allowance
- $150
- Housing costs
- $12,598 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$388,000
gross annual household income
- Payment at 4%
- $9,801 / mo
- Cash down
- $465,800
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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