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New4 days ago

916 Woodbine Avenue

Woodbine Corridor, Toronto

$1,148,888

Detached|2-Storey
3 | 3 | 2
About this home

Exceptional investment opportunity in the heart of Toronto's highly sought-after Beaches neighbourhood! This two-storey detached home offers three self-contained units, making it ideal for investors, multi-generational families, or owner-occupants seeking rental income.The second-floor suite features one spacious bedrooms, a large updated kitchen, and a full bathroom. The main-floor unit offers one spacious bedroom, a kitchen, and a full bathroom walkout to back porch. The separate basement apartment includes 1 bedroom, its own kitchen, and a full bathroom, providing additional income potential.Complete with a parking for 2 vehicles in the back, this versatile property is located just minutes from the subway, TTC, beach, parks, schools, transit, vibrant shops, cafes, and restaurants. A rare opportunity to own an income-generating property in one of Toronto's most desirable East York community.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,103
Lot Size17.17 ft x 120 ft
mls© NumberE13679144
Listed ByROYAL LEPAGE SIGNATURE 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%
$5,881
Property tax
$425
Heat allowance
$150
Housing costs
$6,456 / mo

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

Down payment20% · $229,778
25-yr amortization

Income needed

$199,000

gross annual household income

Payment at 4%
$4,835 / mo
Cash down
$229,778

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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