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Listed 4 months ago

407 Concord Avenue

Dovercourt-Wallace Emerson-Junction, Toronto

$1,225,000

Detached|2-Storey
4 | 3 | 2
About this home

"Prime Trinity-Bellwoods Location! This charming detached 2-story brick home is situated just minutes from Bloor & Ossington Station, the vibrant Christie Pits neighborhood, parks, shops, and restaurants. Perfect for investors or end-users, this property boasts a double car garage , property is currently tenanted on a month-to-month basis. The main floor features a separate entrance and includes 2 generous bedrooms, a living room, and a kitchen. The second floor offers 2 more spacious bedrooms, a kitchen, and a living area flooded with natural light. The basement is equipped with a kitchen, a huge cantina, a bedroom, and a rec room, plus coin laundry facilities accessible to all tenants. Whether you're looking for a solid investment opportunity with long-term growth potential or a fantastic family home, this property is a great option in a highly sought-after area.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,063
Lot Size18 ft x 124 ft
mls© NumberW13071906
Listed ByRE/MAX WEST REALTY INC.

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%
$6,270
Property tax
$505
Heat allowance
$150
Housing costs
$6,925 / mo

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

Down payment20% · $245,000
25-yr amortization

Income needed

$213,000

gross annual household income

Payment at 4%
$5,155 / mo
Cash down
$245,000

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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