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New2 hours ago

3987 Bloor Street W

Islington-City Centre West, Toronto

$1,499,900

Detached|Bungalow-Raised
3 | 2 | 3
About this home

BUY ONE. BUY TWO. BUY ALL FOUR. Individual redevelopment opportunity on Bloor Street West, newly priced at $1,499,900. This 40 x 150 ft lot offers approximately 6,000 sq. ft. of land on a Toronto Major Street, minutes from Kipling and Islington subway stations and the Kipling Mobility Hub. Toronto's evolving EHON Major Streets planning framework supports increased low-rise residential intensification on qualifying properties along Major Streets, creating an opportunity for builders and developers to explore a small-scale multi-residential project on this deep, well-proportioned site. Buyer to independently verify all zoning, density, unit count, garden suite potential, servicing, permitting and development requirements. The opportunity can also scale. The three adjacent properties at 3985, 3987 and 3989 Bloor Street West are separately available, allowing a purchaser to acquire one property or assemble two, three or all four sites. Combined-site information, including lot dimensions and parcel mapping, is available for purchasers evaluating a larger development opportunity. Hold while you plan: the existing well maintained brick bungalow offers 3+1 bedrooms, a finished basement, private drive, attached garage and parking for three, providing potential rental income during the planning and approvals process. A rare opportunity to acquire an individual development site or create a larger land assembly, along a transit-supported stretch of Bloor Street West in rapidly intensifying Islington-City Centre West.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,550
Lot Size43.25 ft x 150.08 ft
mls© NumberW13804722
Listed ByKELLER WILLIAMS REFERRED URBAN REALTY

Listing History

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What the bank counts

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

Mortgage, tested at 6%
$7,677
Property tax
$463
Heat allowance
$150
Housing costs
$8,290 / mo

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

Down payment20% · $299,980
25-yr amortization

Income needed

$255,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$299,980

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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