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New3 hours ago

60 Phillip Avenue

Birchcliffe-Cliffside, Toronto

$1,299,000

Detached|Bungalow
2 | 2 | 5
About this home

This detached bungalow features 2 kitchens, 2 + 1 bedrooms, 2 baths & separate entrance. Offering flexibility & convenience for multi-generational families and investors alike. Parking for up to 4 cars, the detached garage offers ample space for car or a work-out personal gym, while the well sized fenced-in yard is the perfect setting for hosting family get togethers. Birch cliff Cliffside is an established, family oriented neighborhood set amidst the idyllic backdrop of the Scarborough Bluffs and Lake Ontario. Drawing attention away from the lake is Kingston Road, a major thoroughfare that arches its way through the center of this neighborhood. 20 minutes east gets you onto the 401 and 20 minutes west sets you right into beautiful downtown Toronto. It is possible to build a 4 plex with 3 bedrooms and 3 washrooms each over 1300 sq feet each and a garden suite at the back, please check attachments.

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nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,759
Lot Size30 ft x 125 ft
mls© NumberE14158722
Listed ByHOMELIFE/MIRACLE REALTY LTD

Listing History

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  • 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%
$6,649
Property tax
$313
Heat allowance
$150
Housing costs
$7,112 / mo

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

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

Income needed

$219,000

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

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