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New19 hours ago

2 Saint Marks Road

Lambton Baby Point, Toronto

$858,000

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

An opportunity with options- invest, live, hold or plan for the futture. Currectly tenated and being offered as-is, where-is, 2 Saint Marks Rd presents an increasingly hard to find opportunity i Toronto's desirable west end. Whether you're looking for an income-producing property to hold, a home you may eventually occupy yourself, or a unique piece of land for a future building propject, this property offers flexibility today and intriguing possibilibies for tommrow. The real story here is the land. Unlike a typical narrow Toronto property, this unique irregular L-shaped lot offers approximiatly 37.05 ft of combined street frontage (27.54'+9.51') and extends approximately 125 feet along its longest side. The additional portion of the L-shaped property is currently occupied by a second garage, creating a unusual configuration with potential for a creative buyer, builder or investor to explore. Keep the existing tenant and hold the property as an investment while considering your -longterm plans. Alternatively, a purchaser looking for a future home may choose to explore personal occupancy in accoradance with appplicable tenancy requirements, while retaining the opportunuty to consider a larger renovation, new build or redevelopment down the road. For builders and design-minded buyers, the combination of approx 37' street frontage, substantial depth and the distinctive L-shaped configuration is particularly compelling. It is the kind of property that invites you to think beyond the existing house and consider how the site might ultimately be used. And then there is the location. Situated at the edsge of the sought-after Baby Point Area, St. Marks offers the feel of an Established residential neighbourhood while keeping you connected to some of the west end's most popular communities. Enjoy easy access to the shops, cafes, restuarants and everyday conveniences along Jane and Annette, with Bloor West Village nearby. The amount of green space for an urban location.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,422
Lot Size27.5 ft x 125 ft
mls© NumberW13688562
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$4,392
Property tax
$535
Heat allowance
$150
Housing costs
$5,077 / mo

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

Down payment20% · $171,600
25-yr amortization

Income needed

$156,000

gross annual household income

Payment at 4%
$3,611 / mo
Cash down
$171,600

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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