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New3 hours ago

106 Clovelly Avenue

Oakwood Village, Toronto

$849,000

Detached|1 1/2 Storey
3 | 4 | 2
About this home

A 'LOT' of potential! Builders, developers, investors, co-ownership or multi-generational families, bring your vision to this detached home with garage, situated on a rare 28 by 120 foot lot a mere 5 minute walk from the Oakwood LRT station. This unique property is currently configured as 4 separate units; with a 2-bedroom on the main floor, a 2-bedroom basement, 1-bedroom upstairs and a studio in the back. Take inspiration from the neighbouring developments currently under construction to rebuild, with up to six dwelling units currently permitted (subject to all necessary approvals), or re-configure and expand existing imprint to create something distinctly you. Conveniently situated between Eglinton West, currently enjoying a renaissance, trendy Oakwood Village and only a hop and a skip from rapid transit, the Allen, excellent schools, Cedarvale Ravine, libraries, pools, community centres and so much more. An incredible opportunity to own a large lot with enormous promise at an exceptional price. Estate sale, sold in 'as is where is' condition with no representations or warranties by estate or listing agent. Neither seller nor agent warrant retrofit status of home or accessory units.

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nest zoom realty
(416) 276-9973
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,095
Lot Size28 ft x 120.12 ft
mls© NumberC13865170
Listed ByKELLER WILLIAMS PORTFOLIO REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$4,346
Property tax
$425
Heat allowance
$150
Housing costs
$4,920 / mo

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

Down payment20% · $169,800
25-yr amortization

Income needed

$151,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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