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New3 hours ago

88 Lanark Avenue

Oakwood Village, Toronto

$1,042,000

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

Welcome to 88 Lanark Ave and this recently renovated 2-bedroom 2-bathroom detached in Oakwood Village and steps from to the Oakwood LRT. This updated and charming home features a renovated kitchen with quartz counter tops and stainless steel appliances. Updated washroom with new tiles, vanity, and fixtures. Update flooring in the living, dining, and bedrooms. Updated electrical outlets, switches, and light fixtures throughout. A separate side entrance with basement apartment offers great rental income opportunities. Shared driveway with private garage and yard. This home is perfect for investors, first time buyers, and buyers looking to downsize. Conveniently located just steps from a number of local amenities including shops, grocery stores, schools, parks, restaurants, places of worship, and other vibrant neighborhoods. This home is currently Tenanted. The Buyer must assume the Tenants until the end of their term, February 28, 2027.

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nest zoom realty
(416) 276-9973
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,742
Lot Size25 ft x 98 ft
mls© NumberC14156150
Listed ByVANGUARD REALTY BROKERAGE CORP.

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%
$5,333
Property tax
$395
Heat allowance
$150
Housing costs
$5,879 / mo

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

Down payment20% · $208,400
25-yr amortization

Income needed

$181,000

gross annual household income

Payment at 4%
$4,385 / mo
Cash down
$208,400

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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