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New2 days ago

3435 Ellesmere Road

Highland Creek, Toronto

$1,450,000

Detached|2-Storey
4 | 5 | 6
About this home

Exceptional Value In A High-Demand Location! This Must-See Property Offers A Rare Combination Of Comfortable Living, Flexible Space And Outstanding Income Potential-Ideal For Multi-Generational Families, Investors, Or Buyers Looking To Generate Additional Rental Income. The Impressive Lower Level Features A Spacious 4-Bedroom, 2-Bathroom Layout With Its Own Private Separate Entrance And Large Family-Sized Kitchen, Offering Exceptional Space, Functionality And Privacy.Ideally Located Just A Short Walk To The University Of Toronto Scarborough, Centennial College, And The Upcoming Scarborough Academy Of Medicine And Integrated Health (SAMIH). Conveniently Close To Highway 401, TTC, Parks, Scenic Trails, Shopping And Everyday Amenities. A Rare Opportunity To Own A Spacious And Versatile Home With Excellent Income-Generating Potential In A Highly Convenient Scarborough Location.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$6,200
Lot Size50.06 ft x 123.14 ft
mls© NumberE13813802
Listed ByLOYALTY REAL ESTATE

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$7,422
Property tax
$517
Heat allowance
$150
Housing costs
$8,088 / mo

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

Down payment20% · $290,000
25-yr amortization

Income needed

$249,000

gross annual household income

Payment at 4%
$6,102 / mo
Cash down
$290,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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