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New1 hour ago

40 Stanland Drive

Scarborough Village, Toronto

$749,000

Detached|2-Storey
4 | 4 | 2
About this home

ATTENTION BUILDERS, INVESTORS & VISIONARIES - YOUR NEXT OPPORTUNITY AWAITS IN SCARBOROUGH VILLAGE! Situated on a generous 45 x 101 ft. lot, this property offers an exciting opportunity to renovate, reimagine or build your custom dream home in one of Scarborough's established and highly desirable communities, subject to applicable municipal approvals.Whether you're a builder searching for your next project, an investor looking to add value, or an end-user ready to create a home tailored to your lifestyle, this property is packed with potential.Enjoy an excellent location surrounded by parks, schools, shopping, restaurants and everyday conveniences, with the beauty of the Scarborough Bluffs just minutes away. Steps to Mason Park and conveniently connected to TTC, GO Transit and major highways, making commuting throughout the city easy.45 x 101 FT. LOT. PRIME SCARBOROUGH LOCATION. ENDLESS POSSIBILITIES. Bring your plans, your vision and your creativity - opportunities like this are increasingly hard to find.Property is being sold in "As Is, Where Is" condition. Buyer/Buyer's Agent to conduct their own due diligence regarding zoning, building possibilities, intended use and all applicable municipal requirements.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,000
Lot Size45 ft x 101 ft
mls© NumberE13721606
Listed ByRE/MAX ULTIMATE REALTY INC.

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%
$3,834
Property tax
$333
Heat allowance
$150
Housing costs
$4,317 / mo

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

Down payment20% · $149,800
25-yr amortization

Income needed

$133,000

gross annual household income

Payment at 4%
$3,152 / mo
Cash down
$149,800

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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