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New3 hours ago

25 Beachdale Avenue

Birchcliffe-Cliffside, Toronto

$650,000

Detached|Bungalow
3 | 1 | 1
About this home

Exception Builder/Developer opportunity in the Birch Cliff area! A RARE opportunity to secure a 25x106 ft lot with tremendous potential to created a brand new custom residence in one of Toronto's most sought after pockets. The existing dwelling is not suitable for occupancy and is being offered as a full tear down, providing builders, developers and investors the chance to bring a new-build vision to life. Properties offering this type of opportunity are rarely available in this location. The property is being sold as-is, where-is, with no representations or warranties regarding the existing dwelling or its condition. **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$4,532
Lot Size25 ft x 106 ft
mls© NumberE13707924
Listed ByKELLER WILLIAMS COMPLETE REALTY

Listing History

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What the bank counts

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

Mortgage, tested at 6%
$3,327
Property tax
$378
Heat allowance
$150
Housing costs
$3,855 / mo

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

Down payment20% · $130,000
25-yr amortization

Income needed

$119,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$130,000

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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