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New6 hours ago

78 South Edgely Avenue

Birchcliffe-Cliffside, Toronto

$999,000

Detached|2-Storey
3 | 3 | 2
About this home

Welcome to 78 South Edgely Avenue in Scarborough! This spacious two-storey home offers 3+2 bedrooms and a functional layout, making it an excellent choice for families, investors, or buyers looking for additional living space and income potential.The main and upper levels feature three well-sized bedrooms, comfortable living areas, and plenty of natural light. The finished basement offers a separate 2-bedroom apartment with its own private entrance, ideal for extended family, an in-law suite, or potential rental income. The basement may offer approximately $1,800-$2,000 per month in rental income, subject to market conditions and buyer verification.The home is equipped with a 200-amp electrical panel and also offers an outdoor EV charger option, providing added convenience for electric vehicle owners and future-ready functionality.Conveniently located in an established Scarborough neighbourhood close to schools, parks, shopping, public transit, and everyday amenities, this property offers a great combination of comfort, flexibility, and investment potential.A wonderful opportunity to own a versatile home in a convenient Toronto location!

Extras

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Contact nest zoom realty.

nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,929
Lot Size25 ft x 118.41 ft
mls© NumberE13835680
Listed ByCENTURY 21 LEADING EDGE REALTY INC.

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%
$5,113
Property tax
$327
Heat allowance
$150
Housing costs
$5,591 / mo

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

Down payment20% · $199,800
25-yr amortization

Income needed

$172,000

gross annual household income

Payment at 4%
$4,204 / mo
Cash down
$199,800

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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