449 Rogers Road
Keelesdale-Eglinton West, Toronto
$1,488,000
Attention Investors & Developers! Prime Multi-Unit Development Opportunity with Immediate Cash Flow. Skip the red tape and step into a fully approved project! This semi-detached property is being sold together with 451 Rogers Road, offering an incredible turn-key development opportunity in a rapidly growing pocket. The Current Income: Generating immediate holding income of $3,050/month + utilities. The Future Potential (Approved Plans Included) Recent Approval for a modern, 4-story mixed-use building.5 Income Streams: Features 4 residential dwelling units + 1 prime commercial main-floor unit. Premium Design Elements: Covered front entrance, rear balconies for the 2nd, 3rd, and 4th floors, rear basement walkout, and an exterior access staircase. Note: Must be sold with 451 Rogers Road. One of the owners is a Registered Real Estate Sales Representative. Listing broker is related to one of the Sellers. VTB Available
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,715 |
| Lot Size | 13.94 ft x 100 ft |
| mls© Number | W13222826 |
| Listed By | MONTESANO 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%
- $7,616
- Property tax
- $226
- Heat allowance
- $150
- Housing costs
- $7,992 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$246,000
gross annual household income
- Payment at 4%
- $6,262 / mo
- Cash down
- $297,600
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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