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New2 hours ago

41 Algoma Street

Mimico, Toronto

$1,850,000

Detached|2-Storey
4 | 5 | 2
About this home

Welcome to 41 Algoma Street! Newly constructed and never lived in, this exceptional residence sits on a thoughtfully redeveloped lot, offering contemporary design, spacious interiors, and outstanding functionality. The main floor features 9-ft ceilings and a thoughtfully designed layout ideal for everyday living and elegant entertaining. Enjoy a bright living room, spacious family room, formal dining area, and sun-filled breakfast space. Large windows throughout provide abundant natural light. Offering 4 spacious bedrooms and 5 beautifully finished washrooms, this home delivers comfort and convenience for the entire family. The beautifully finished basement features impressive 10-ft ceilings and a self-contained secondary suite with a walk out Kitchen, appliances and Laundry have been roughed-in and are ready for installation, offering excellent potential for in-law accommodation or additional rental income. Located in a desirable neighborhood near top-rated schools, major highways, and transit. Enjoy nearby Humber Bay Park and Park Lawn Park, along with shopping, dining, and everyday amenities along the vibrant Queensway corridor. Additional highlights include an approved Garden Suite permit, offering future potential for additional living space or supplemental income. A 100A, 240V electrical rough-in extends from the main panel to the rear of the property, providing future capacity for a pool, hot tub, or heavy-duty equipment in the shed. An exceptional opportunity to own a pristine with outstanding features, future potential, and a convenient location.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNew
Size1500-2000 sq. ft.
Property Tax$3,859
Lot Size25 ft x 100.5 ft
mls© NumberW14145798
Listed ByKELLER WILLIAMS EMPOWERED REALTY

Listing History

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  • 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%
$9,469
Property tax
$322
Heat allowance
$150
Housing costs
$9,941 / mo

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

Down payment20% · $370,000
25-yr amortization

Income needed

$306,000

gross annual household income

Payment at 4%
$7,785 / mo
Cash down
$370,000

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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