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New6 hours ago

54 Byng Avenue

Oakridge, Toronto

$899,000

Detached|1 1/2 Storey
4 | 4 | 2
About this home

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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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$3,544
Lot Size32 ft x 100 ft
mls© NumberE13703114
Listed ByRIGHT AT HOME 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%
$4,601
Property tax
$295
Heat allowance
$150
Housing costs
$5,047 / mo

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

Down payment20% · $179,800
25-yr amortization

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 check

Investment Analysis

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

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