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Oakridge, Toronto
$899,000
Welcome to this renovated detached home in a highly desirable and convenient Scarborough neighbourhood! Featuring 4+3 bedrooms and 4 full washrooms, this spacious and versatile property offers an excellent opportunity for first-time buyers, large or multi-generational families, and investors. The home has been thoughtfully updated with new laminate flooring, creating a bright, clean and move-in-ready living environment. Offering flexible living spaces and excellent income potential, the property was previously rented by the seller for approximately $6,000 per month. Major upgrades add even more value, including a new 200-amp electrical panel, owned furnace, owned heat pump, and a new Rinnai tankless hot water system. A 2-unit permit application is currently in process, offering additional future possibilities for the property. The generous backyard also provides space with potential for a future garden suite, subject to municipal approvals and applicable regulations. Location is another major highlight! Just steps to TTC and only minutes from Victoria Park and Warden subway stations, making commuting throughout Toronto convenient. Enjoy easy access to schools, recreation centres, libraries, grocery stores, parks, places of worship, shopping, restaurants and everyday amenities. A rare combination of space, renovations, income potential, major mechanical upgrades and a convenient Scarborough location. Whether you're looking for a family home or an investment property with future potential, this one is well worth seeing. Don't miss it!
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $3,544 |
| Lot Size | 32 ft x 100 ft |
| mls© Number | E13703114 |
| Listed By | RIGHT AT HOME REALTY |
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%
- $4,601
- Property tax
- $295
- Heat allowance
- $150
- Housing costs
- $5,047 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$155,000
gross annual household income
- Payment at 4%
- $3,783 / mo
- Cash down
- $179,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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