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New5 days ago

47 Crosland Drive

Wexford-Maryvale, Toronto

$938,000

Detached|Bungalow
3 | 2 | 4
About this home

A fantastic investment opportunity situated on a rectangular-shaped lot in the highly sought-after Wexford-Maryvale community. The property offers excellent land value and strong income potential, currently generating approximately $5,200/month in total rental income.Featuring a functional layout with spacious principal rooms and a 3-bedroom basement, this property provides multiple possibilities for investors, extended family living, or future development potential. The rectangular lot offers a practical and versatile configuration, making it an attractive option for investors looking to hold, renovate, or explore future opportunities.Conveniently located close to excellent schools, parks, shopping, public transit, and major highways. A great opportunity to acquire a well-located income-producing property with solid long-term potential.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,517
Lot Size42.8 ft x 116 ft
mls© NumberE13675256
Listed ByKELLER WILLIAMS REFERRED URBAN 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%
$4,801
Property tax
$376
Heat allowance
$150
Housing costs
$5,328 / mo

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

Down payment20% · $187,600
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,947 / mo
Cash down
$187,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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