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New3 days ago

530 Carlaw Avenue

North Riverdale, Toronto

$1,299,000

Detached|3-Storey
4 | 4 | 0
About this home

Solid Brick Detached Home in Riverdale. Lovingly maintained for many years, this solid brick detached home in the heart of South Riverdale offers a rare combination of spacious family living, income potential, and flexibility. The main floor features a generous rear extension, creating an abundance of living space with a large living room, separate dining room, family-sized kitchen with walk-out to the yard, and two well-proportioned bedrooms. With its generous layout, the main floor provides plenty of room for a family while the second and third floors offer excellent rental income potential. The second floor is bright and spacious, featuring an oversized kitchen with walk-out to a southwest-facing deck, plus a bedroom and additional flexible space. With its desirable layout and outdoor space, this unit offers strong rental appeal. The third floor features another spacious one-bedroom layout with high ceilings, large windows, good-sized rooms, and plenty of natural light. The existing configuration can also be easily adapted back to a single-family home, providing buyers with the flexibility to create a home that suits their needs. Situated in highly convenient South Riverdale, this home is close to shops, restaurants, parks, transit, and the many amenities that make the neighbourhood so desirable. A wonderful opportunity for families, investors, or buyers looking for a home with both character and income potential.

Extras

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  • Sat, Sep 26

    2:00 PM – 4:00 PM

  • Sun, Sep 27

    2:00 PM – 4:00 PM

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Contact nest zoom realty.

nest zoom realty
(416) 276-9973
TypeDetached
Style3-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,118
Lot Size25.08 ft x 100 ft
mls© NumberE13814380
Listed ByKELLER WILLIAMS ADVANTAGE REALTY

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%
$6,649
Property tax
$677
Heat allowance
$150
Housing costs
$7,475 / mo

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

Down payment20% · $259,800
25-yr amortization

Income needed

$230,000

gross annual household income

Payment at 4%
$5,466 / mo
Cash down
$259,800

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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