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Listed 1 month ago

22 Falaise Road

West Hill, Toronto

$849,000

Detached|Bungalow
2 | 2 | 7
About this home

Attention First-Time Buyers & Investors alike! Welcome to this charming, turn-key West Hill bungalow nestled on a premium 50ft x 150ft lot. The sun-filled main level boasts a fresh & modern renovated kitchen along with a spacious 2-bedroom layout including stylish finishes throughout - perfect for young families looking to move right in. Downstairs, a separate entrance leads to a great, self-contained basement suite offering incredible rental income potential or an ideal in-law setup. The lower level includes an additional 2 bedrooms, a kitchen, a 3-piece bathroom, and brand-new luxury vinyl flooring. Live upstairs and let your tenant pay a portion of your mortgage, or rent out both levels for a high-yield addition to your investment portfolio! Located in a highly desirable, family-friendly Scarborough pocket close to U of T Scarborough, Centennial College, excellent schools, parks, shopping, TTC, and the GO Station. Truly a rare find with endless potential!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,597
Lot Size50 ft x 150 ft
mls© NumberE13478644
Listed ByENGEL & VOLKERS OAKVILLE

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%
$4,346
Property tax
$300
Heat allowance
$150
Housing costs
$4,795 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $169,800
25-yr amortization

Income needed

$148,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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