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New6 days ago

1000 Taunton Road E

Taunton North, Whitby

$1,050,000

Detached|Backsplit 3
3 | 2 | 14
About this home

RARE DEVELOPMENT / INVESTMENT OPPORTUNITY ON TAUNTON ROAD! Almost 1/2 acre in a high-exposure location, offering an exceptional opportunity for investors, developers, entrepreneurs or buyers looking to secure a property with future potential. The existing 3-bedroom home, dating to the 1950s, has great bones if you're interested in a renovation project or may be ideal for a complete transformation or redevelopment. Features include a finished basement and bright 4-season screened porch overlooking the generous lot & an additional sunroom at the back. The property has been redesignated "Business" under the Township's Official Plan, opening the door to a broader range of permitted commercial uses. Permitted uses include automotive and recreational vehicle sales and service, garden centres, restaurants, building supply centres, furniture and major appliance sales, financial establishments, and home supply/improvement centres, among others. Buyer to conduct their own due diligence regarding permitted uses, zoning, development potential, servicing and approvals. Prime Taunton Road exposure + substantial land + expanded commercial possibilities make this a compelling opportunity for the savvy investor. Whether you envision redevelopment, a commercial use, or a buy-and-hold investment, this property deserves a closer look. Strategically located on Taunton Road East in a rapidly evolving growth corridor. The property is currently zoned agricultural; however, the surrounding Taunton/Garrard area has been identified by the Town of Whitby for mixed-use planning and has seen recent development applications. Close to all 400 series highways, commercial, shops, schools, greenspace, Oshawa Executive Airport and more.....Permitted Uses: Automotive, Vehicle Sales and Service, Restaurant, Furniture, Garden Centre, Financial and MORE.......Bring your Vision!

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Contact nest zoom realty.

nest zoom realty
(416) 276-9973
TypeDetached
StyleBacksplit 3
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,528
Lot Size74.25 ft x 286 ft
mls© NumberE13744032
Listed ByROYAL HERITAGE REALTY LTD.

Listing History

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  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$5,374
Property tax
$461
Heat allowance
$150
Housing costs
$5,985 / mo

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

Down payment20% · $210,000
25-yr amortization

Income needed

$184,000

gross annual household income

Payment at 4%
$4,419 / mo
Cash down
$210,000

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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