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Listed 2 months ago

10 Silverdale Crescent

Parkwoods-Donalda, Toronto

$1

Detached|Bungalow
3 | 4 | 14
About this home

Rare Development Opportunity at 10 Silverdale Crescent. Substantial corner property at York Mills Rd & Silverdale Cres offering significant redevelopment potential in a highly desirable Toronto location. The property is situated along a Major Street and may benefit from the City of Toronto's EHON Major Streets planning framework, which contemplates additional residential intensification including townhouses, stacked townhouses and small-scale apartment buildings, potentially up to 6 storeys, subject to applicable zoning, performance standards and all required municipal and regulatory approvals. A previous development concept contemplated approximately 24 back-to-back townhomes, providing buyers with an excellent starting point for further investigation and design exploration. No representation or warranty is made regarding the approval, feasibility or permitted number of units associated with any previous concept. Excellent opportunity for builders, developers and investors to explore a range of residential development options. Buyer to conduct their own due diligence regarding zoning, EHON Major Streets eligibility, permitted density, height, setbacks, servicing capacity, tree preservation, environmental/TRCA requirements, Site Plan Approval and all other applicable development requirements. Property being sold for its exceptional land and redevelopment potential

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Contact nest zoom realty.

nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$16,145
Lot Size125 ft x 300 ft
mls© NumberC13513856
Listed ByROYAL LEPAGE SIGNATURE REALTY

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What the bank counts

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

Mortgage, tested at 6%
$0
Property tax
$1,345
Heat allowance
$150
Housing costs
$1,495 / mo

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

Down payment20% · $0
25-yr amortization

Income needed

$46,000

gross annual household income

Payment at 4%
$0 / mo
Cash down
$0

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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