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New3 hours ago

14 Spears Street

Rockcliffe-Smythe, Toronto

$929,000

Detached|1 1/2 Storey
3 | 3 | 8
About this home

14 Spears St. - Ravine Lot | Fully Renovated | Separate Basement Entrance | Income Potential Welcome to this beautifully renovated ravine lot offering an ideal blend of style, comfort, functionality and income potential in the desirable Rockcliffe-Smythe neighbourhood. This thoughtfully designed home features 2+2 bedrooms across multiple levels, 3 newly renovated bathrooms, and multiple separate living spaces. The approximately 1,700+ sq. ft. finished living space includes a 700 sq. ft. basement with a separate entrance, offering excellent potential for additional rental income of approximately $1,500/month. The main floor features two spacious bedrooms and a stunning, newly renovated bathroom with a modern standing shower. The bright, open-concept living and dining area flows seamlessly into a stylish, fully renovated kitchen featuring quartz waterfall countertops, a large island and ample preparation and breakfast-bar space. The rear entrance provides convenient access to the fully fenced, private backyard overlooking a beautiful ravine and hilltop setting-perfect for entertaining family and friends throughout the seasons. The second floor is dedicated to a luxurious primary suite, complete with abundant storage cabinetry and a brand-new ensuite bathroom featuring a modern standing shower. The lower level offers an open-concept layout with its own kitchenette, fridge, dishwasher and washer/dryer, currently utilized as a fourth bedroom with a newly renovated ensuite bathroom. The separate entrance provides flexibility for extended family, guests or potential rental use. Additional features include an 11 kW EV charger, private fenced yard and exceptional ravine views. Ideally located minutes from the Stockyards, schools, parks, golf courses, shops, restaurants and major highways. Convenient transit is close by, with TTC service approximately a 3-minute walk away and Weston GO Station approximately a 2-minute drive awa

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,487
Lot Size30 ft x 120 ft
mls© NumberW13714020
Listed ByTEAM PANAG REAL ESTATE INC.

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%
$4,755
Property tax
$374
Heat allowance
$150
Housing costs
$5,279 / mo

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

Down payment20% · $185,800
25-yr amortization

Income needed

$162,000

gross annual household income

Payment at 4%
$3,909 / mo
Cash down
$185,800

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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