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New3 hours ago

831 Pape Avenue

Danforth, Toronto

$1,129,000

Detached|2-Storey
3 | 3 | 0
About this home

Offers Anytime. A wonderful opportunity to own a detached home in the heart of the Danforth, just a short walk from Pape Subway Station and the future Ontario Line interchange. This bright 3+1 bedroom, 3 bathroom home offers a comfortable family layout with 9-foot ceilings, hardwood floors, and an open-concept main level. The spacious centre-island kitchen with breakfast bar brings cooking, dining, and entertaining together.Upstairs, three comfortable bedrooms include a primary bedroom with a walkout to a private balcony. The finished lower level adds a fourth bedroom, full bathroom, and separate entrance, providing valuable flexibility for everyday living. Step outside to a rear deck and low-maintenance hardscaped backyard, ideal for relaxing and entertaining.Updates include the furnace, A/C, washer, dryer, and refrigerator. Ideally located in the Wilkinson Jr. P.S. and Riverdale C.I. school catchments, with Danforth shops, restaurants, cafés, parks, Pape Market, and TTC all close by. Affordable City residential street permit parking is available from $24.23/month + HST.

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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$5,548
Lot Size20 ft x 80 ft
mls© NumberE14129656
Listed ByJDL 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%
$5,779
Property tax
$462
Heat allowance
$150
Housing costs
$6,391 / mo

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

Down payment20% · $225,800
25-yr amortization

Income needed

$197,000

gross annual household income

Payment at 4%
$4,751 / mo
Cash down
$225,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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