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New1 day ago

1557 Pharmacy Avenue

Wexford-Maryvale, Toronto

$935,000

Detached|Bungalow
3 | 2 | 5
About this home

Welcome to 1557 Pharmacy Ave, a rare opportunity to own a detached bungalow offering the space, flexibility, and convenience today's buyers are looking for. Featuring three bedrooms and a practical layout, this home is an excellent option for families, first-time buyers, downsizers, or anyone looking for a detached property with room to grow and adapt.The finished basement with a separate entrance adds another level of versatility, providing valuable additional living space with the flexibility for a recreation area, home office, guest space, or an additional room where the existing office is located, depending on the buyer's needs.The home has also benefited from several important improvements, including a hot water tank replaced in January 2024, along with updates to the gas furnace, roof, and top-floor bedroom and bathroom windows. The hot water tank and furnace are owned, with no rental contracts to assume.Set within the established Wexford-Maryvale community, the location brings everyday convenience close to home. Enjoy easy access to TTC service, Highway 401, Parkway Mall, grocery stores, Scarborough Costco on Warden Avenue, schools, restaurants, neighbourhood parks, and a wide range of shopping and daily amenities.Whether you are looking for a comfortable family home, valuable additional living space, or the opportunity to personalize a detached property over time, 1557 Pharmacy Ave offers an appealing combination of location, functionality, and flexibility. A rare opportunity in an established Toronto neighbourhood that deserves to be experienced in person.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,489
Lot Size41.67 ft x 120 ft
mls© NumberE13688570
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,786
Property tax
$374
Heat allowance
$150
Housing costs
$5,310 / mo

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

Down payment20% · $187,000
25-yr amortization

Income needed

$163,000

gross annual household income

Payment at 4%
$3,935 / mo
Cash down
$187,000

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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