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New2 hours ago

23 Brussels Street

Stonegate-Queensway, Toronto

$2,399,900

Detached|Bungalow
6 | 3 | 6
About this home

Attention builders, developers and investors! Welcome to 23 Brussels Street, a spacious Etobicoke property situated on a wide, generous lot with excellent investment and redevelopment potential. The existing home features 6 bedrooms, 2 kitchens, 2 washrooms, a newly renovated high-ceiling basement with separate entrance, a 2-car garage and private driveway parking for up to 6 vehicles. The basement unit was previously leased to a licensed daycare operator, offering additional flexibility for future use. The large lot presents an excellent opportunity to renovate, hold, generate rental income, or explore multiplex and garden suite development, subject to applicable zoning, building regulations and City of Toronto approvals. Conveniently located close to schools, parks, shopping, restaurants, movie theatres, TTC, major highways, downtown Toronto and everyday amenities. Don't miss this rare opportunity to secure a property with space, income potential and exciting future redevelopment possibilities in a desirable Etobicoke location.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$6,240
Lot Size54 ft x 100 ft
mls© NumberW13696624
Listed ByHOMELIFE/MIRACLE REALTY LTD

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$12,284
Property tax
$520
Heat allowance
$150
Housing costs
$12,954 / mo

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

Down payment20% · $479,980
25-yr amortization

Income needed

$399,000

gross annual household income

Payment at 4%
$10,099 / mo
Cash down
$479,980

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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