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New6 days ago

19 Starlake Drive

Morningside, Toronto

$899,999

Detached|2-Storey
4 | 3 | 4
About this home

Rare Opportunity to own this detach house with 2Bed 1Bath legal Basement unit. Exceptional Opportunity for Large Families, Multi-Generational Living & Investors. Welcome to 19 Starlake Drive, a fantastic opportunity to own a versatile home in a highly convenient Scarborough location! Perfect for growing families seeking generous living space, looking for added flexibility, or investors searching for an attractive income-generating opportunity. This property features a separate-entrance basement apartment constructed with permits in 2024, offering excellent potential for additional rental income while allowing the owner to enjoy the comfort and convenience of the main residence. Unbeatable Location with Everyday Convenience at Your Doorstep. Enjoy exceptional connectivity with TTC bus stop just a 2-min, making daily commuting simple and convenient. 5 min. to 401 and just 7 min. drive to GO Transit, providing convenient access to major transportation routes and connections to Toronto North York & Downtown. Close to hospitals, highly rated schools, colleges, the UofT Scarborough campus, grocery stores, shopping, restaurants, daycares, places of worship, and other essential amenities. Major educational institutions, healthcare facilities, and everyday amenities make this a location worth exploring. Freshly Painted, Pot Lights and all Light fixtures newly replaced.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$4,344
Lot Size41 ft x 126 ft
mls© NumberE14099658
Listed ByROYAL LEPAGE SIGNATURE 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%
$4,607
Property tax
$362
Heat allowance
$150
Housing costs
$5,119 / mo

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

Down payment20% · $180,000
25-yr amortization

Income needed

$157,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$180,000

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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