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New2 hours ago

999 Caledonia Road

Yorkdale-Glen Park, Toronto

$1,589,000

Detached|1 1/2 Storey
4 | 3 | 8
About this home

OPPORTUNITY MEETS POTENTIAL AT 999 CALEDONIA ROAD! An exceptional offering for investors, builders, developers & visionary purchasers seeking opportunity in Toronto's established Yorkdale-Glen Park neighbourhood.Prominently positioned at Caledonia Road & Joyce Parkway, this detached residence occupies a generous (41.29ft x147ft) corner parcel of approximately 6,060 sq. ft., offering impressive street exposure & intriguing possibilities for the future. Currently configured as three separate residential units, the property features a vacant main-floor accommodation & two tenant-occupied units, presenting flexibility for purchasers exploring investment, renovation or longer-term redevelopment opportunities. Additional highlights include two garages, a finished basement with separate entrance & an on-demand tankless hot water system. GeoWarehouse identifies the zoning as RD(f12;a370), providing an interesting starting point for purchasers considering the property's future potential.Whether envisioning continued residential use, a thoughtful transformation or an entirely new development concept, this property's location, lot characteristics & existing configuration invite exploration. Conveniently situated near neighbourhood parks, schools, transit & everyday amenities. All uses, existing unit status, development possibilities & required approvals are subject to independent verification with the appropriate authorities. A PROPERTY OF POSSIBILITIES - BRING YOUR VISION!

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nest zoom realty
(416) 276-9973
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,052
Lot Size41.29 ft x 147 ft
mls© NumberW14102782
Listed ByRE/MAX ESCARPMENT REALTY INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,133
Property tax
$421
Heat allowance
$150
Housing costs
$8,704 / mo

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

Down payment20% · $317,800
25-yr amortization

Income needed

$268,000

gross annual household income

Payment at 4%
$6,687 / mo
Cash down
$317,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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