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Listed 3 months ago

43 King Edward Avenue

Woodbine-Lumsden, Toronto

$948,000

Detached|2-Storey
2 | 2 | 2
About this home

**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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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,660
Lot Size25 ft x 126.54 ft
mls© NumberE13127550
Listed ByRE/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.

Down payment20% · $189,600
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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