56 Beechwood Avenue
Rockcliffe-Smythe, Toronto
$649,000
Welcome to this charming Bungalow with main level Kitchen, Living, 4 Pc Bathroom and 2 Bedrooms, Separate Entrance Basement In Law Suite with Kitchen, Living, 3 Pc Bathroom and one Bedroom, Garden Shed, Seller will consider a private Vendor Take Back mortgage (VTB) to qualified buyer, Ideal for First Time Buyers or Builder to tear down and build new Home, Income of $2,700. Per month from 2 tenants, Close to Shopping, Transit and Schools. Property is being sold in "As Is, Where Is" condition
No extras listed.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | < 700 sq. ft. |
| Property Tax | $2,740 |
| Lot Size | 25 ft x 87 ft |
| mls© Number | W13777726 |
| Listed By | CENTURY 21 MILLENNIUM 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%
- $3,322
- Property tax
- $228
- Heat allowance
- $150
- Housing costs
- $3,700 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$114,000
gross annual household income
- Payment at 4%
- $2,731 / mo
- Cash down
- $129,800
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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