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Cliffcrest, Toronto
$988,000
Fantastic opportunity for Builders, Investors, and Contractors! Nestled in the prestigious Cliffcrest community, south of Kingston Road, this property sits on a quiet, tree-lined street in a highly sought-after neighbourhood. The bright and spacious home features two generously sized bedrooms with closets, a welcoming living room, an eat-in kitchen, and a 4-piece bathroom on the main level. A detached oversized garage adds excellent value, while the partially finished basement includes a rec room for added versatility.Currently tenanted with an A+ tenant, this is an ideal turnkey investment or prime development opportunity. Conveniently located near R.H. King Academy, Fairmount Public School, the Scarborough Bluffs, and a wide range of amenities-perfect for those looking to build or invest in one of Scarborough's most desirable areas.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,173 |
| Lot Size | 50 ft x 133 ft |
| mls© Number | E12983894 |
| Listed By | ROYAL LEPAGE ESTATE REALTY |
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%
- $5,057
- Property tax
- $431
- Heat allowance
- $150
- Housing costs
- $5,638 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$173,000
gross annual household income
- Payment at 4%
- $4,158 / mo
- Cash down
- $197,600
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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