50 Cedarvale Avenue
East End-Danforth, Toronto
$659,000
Investment, self occupied or both. This property has 2 self-contained apartments. Each has a separate entrance, 4-pc bathroom, complete kitchen, washer & dryer. The top floor apartment has a bedroom and a large room which can be a living room. The main floor apartment has a kitchen, living room and a main floor bedroom which can be used as a studio. The basement has a second bedroom, 4-pc bathroom , washer & dryer. You can live in one apartment and rent out the other apartment. Or you can rent both out for income.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,057 |
| Lot Size | 17.68 ft x 100 ft |
| mls© Number | E13822460 |
| Listed By | LANDSTARS 360 REALTY INC. |
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%
- $3,373
- Property tax
- $421
- Heat allowance
- $150
- Housing costs
- $3,944 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$121,000
gross annual household income
- Payment at 4%
- $2,773 / mo
- Cash down
- $131,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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