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Listed 14 days ago

67 - 121 L'amoreaux Drive

L'Amoreaux, Toronto

$699,000

Condo Townhouse |
3 | 3 | 3 | 0
About this home

Whether you're a first-time buyer, growing family, downsizer, or investor looking for rental income and great value, this one is for you. This townhouse features a finished basement, attached garage, and a backyard. Currently operating as an income-generating rental property, ideal for buyers seeking immediate rental income. Situated in a prime Scarborough location, everything is within walking distance: mins away from parks, schools, grocery stores, cafes, and bus stops easily connecting to subway line. Maintenance fees include snow removal, grass landscaping, and all exterior repairs. *****Property is rented to multiple tenants sharing common areas and is generating $3,900/month in rental income not including one main unit on main level. Potential Upside: additional income of $1,500+ from main level vacant unit.

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agent
Angela Montano
(647) 283-2643
TypeCondo Townhouse
Style2-Storey
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$464
LockerNone
BalconyNone
ExposureEast
Parking TypeAttached
Parking Spaces3
Parking FeaturesPrivate
Property Tax$3,175
mls© NumberE13643492
Listed ByTFN REALTY INC.
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

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%
$3,578
Property tax
$265
Heat allowance
$150
Condo fees, half counted
$232
Housing costs
$4,224 / mo

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

Down payment20% · $139,800
25-yr amortization

Income needed

$130,000

gross annual household income

Payment at 4%
$2,942 / mo
Cash down
$139,800

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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