FERRIS ROAD, Toronto (O'Connor-Parkview), ON, M4B1H6
3 Beds
2 Baths
$999,000
Asking Price
Welcome to 256 Ferry's Road, an incredible detached bungalow nestled in one of East York's most sought-after, vibrant, and family-friendly communities. Whether you are a growing family looking for a home with a built-in mortgage helper, or a savvy investor seeking a high-yielding asset in a premium Toronto location, this property delivers on every single front. The main floor features a bright and spacious layout boasting three generous bedrooms with large windows that flood the space with natural light, a functional living and dining area, and a full family washroom. The completely self-contained lower level is a massive game-changer for anyone looking to maximize their investment. Featuring a dedicated separate entrance for complete privacy, the basement apartment offers two additional well-proportioned bedrooms, a full kitchen, and a private washroom. This setup offers massive potential income to significantly offset your mortgage or rent out both units for premium cash flow in Toronto's hot rental market. Situated in a commuter's dream location, you are just minutes away from the TTC, subway stations, the DVP, and downtown Toronto. Enjoy the perfect blend of quiet residential charm and effortless urban convenience, surrounded by top-tier schools, beautiful local parks, and the vibrant shops, cafes, and restaurants along the Danforth. Properties with this exact configuration and premium location rarely stay on the market long. Don't miss this incredible opportunity! (id:24493) MLS® #E13451514 The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA
Recommended Strategy:
Property Type
detached bungalow
Status
available
Basement
self-contained lower level
Separate Entrance
Yes
Strengths
• High-yielding asset in a premium location
• Commuter's dream location with proximity to TTC, subway stations, DVP, and downtown Toronto
Weaknesses
• Limited flexibility in pricing due to location and demand
• Potential for property taxes to rise with increased property value
Opportunities
• Growing demand for rentals in Toronto
• Potential for Airbnb income during peak seasons
Threats
• Changes in government regulations or laws affecting rentals
• Increasing competition from new developments or listings
Down Payment
Canadian semi-annual compounding
Down
$199,800
Loan
$799,200
Monthly P+I
$5,353
= $199,800 · 20.0% committed
Auto-calculated from mortgage above
Ontario default: 1.2% of $999,000 ÷ 12
Monthly Summary
Mortgage (P+I)
$5,353
Property Tax
$999
Total Out
$6,352
Rental In
$0
Net / Month
-$6,352
Net Cash Flow
Enter rental income to activate the gauge
Asking Price
Posted Jun 18, 2026 · 2 months ago
3 bd
·
2 ba
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