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Woodbine-Lumsden, Toronto
$948,000
**ATTENTION BUILDERS, INVESTORS & END USERS** Welcome to this charming detached home in one of East York's most desirable, family-friendly neighbourhoods - an exceptional opportunity with endless potential. Situated on a generous **25 x 126.54 ft lot**, this well-maintained property offers immediate comfort today and exciting possibilities for the future.Inside, you'll find two bedrooms, a bright open-concept living and dining area, and a generously sized classic kitchen with ample cabinetry and workspace - perfect for everyday living and entertaining. A sun-filled rear sitting area overlooks the backyard, bringing in natural light and offering peaceful views of the outdoor space.Step outside to a deep, private backyard with exciting potential for a future garden suite, creating the opportunity for additional living space or extra income potential (buyer to verify approvals and feasibility). Ideal for summer BBQs, relaxing evenings, or transforming into your own outdoor retreat.Perfectly located just steps to parks, top-rated schools, transit/subway access, and the vibrant shops, cafes, and restaurants of the Danforth, with quick access to downtown and only minutes to Woodbine Beach - offering the perfect blend of city convenience and neighbourhood charm.An outstanding opportunity for builders, investors, and first-time buyers alike. The seller has already initiated preliminary work toward future building approvals, presenting exciting potential for redevelopment into a custom luxury home, with the possibility of a future garden suite - a rare chance to secure a premium lot in a thriving Toronto community.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,660 |
| Lot Size | 25 ft x 126.54 ft |
| mls© Number | E13127550 |
| Listed By | RE/MAX REALTRON ELI BAKHTIARI TEAM 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%
- $4,852
- Property tax
- $388
- Heat allowance
- $150
- Housing costs
- $5,391 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$166,000
gross annual household income
- Payment at 4%
- $3,989 / mo
- Cash down
- $189,600
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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