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New2 hours ago

2 Ellins Avenue

Rockcliffe-Smythe, Toronto

$899,900

Detached|Bungaloft
2 | 2 | 2
About this home

Exceptional opportunity for investors, end-users, multi-generational families and co-ownership buyers seeking flexibility, income potential and long-term upside. This unique detached bungalow features two separate entrances, two kitchens and two driveways, offering excellent versatility for extended-family living, rental use or future redevelopment. A major highlight is the rare parking configuration: a large detached one-car garage with private driveway access from Jane Street, plus a second driveway directly off Ellins Avenue with an active City of Toronto Front-Yard Parking Permit ($374.18/year). Adding to the value, a recent updated survey and conceptual plans for a four-unit residential property are available, showcasing the property's strong potential for conversion to a 4-plex, together with the possibility of a garden suite, subject to applicable municipal approvals. Located in a highly convenient Toronto neighbourhood close to Bloor West Village, The Junction, The Stockyards, TTC, Jane Station, schools, parks, golf, shopping and restaurants. A rare opportunity to secure a versatile property with immediate use, multiple options and significant future potential.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungaloft
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,480
Lot Size28.03 ft x 115.21 ft
mls© NumberW13776180
Listed ByFOREST HILL REAL ESTATE 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%
$4,606
Property tax
$290
Heat allowance
$150
Housing costs
$5,046 / mo

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

Down payment20% · $179,980
25-yr amortization

Income needed

$155,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$179,980

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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