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256 FERRIS ROAD Toronto (O'Connor-Parkview), Ontario

FERRIS ROAD, Toronto (O'Connor-Parkview), ON, M4B1H6

3 Beds

2 Baths

detached bungalow
Listed

$999,000

Asking Price

256 FERRIS ROAD Toronto (O'Connor-Parkview), Ontario, photo 1
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About This Property

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

Opportunity Analysis

Score: 8 / 10

Recommended Strategy:

Rental

Facts & Features

Property Type

detached bungalow

Status

available

Basement

self-contained lower level

Separate Entrance

Yes

Business Case

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

Mortgage Calculator

Down Payment

0%
20%
50%
100%

Canadian semi-annual compounding

Down

$199,800

Loan

$799,200

Monthly P+I

$5,353

Cash Flow Analysis

= $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

NET / MO-$6,352

Enter rental income to activate the gauge

Asking Price

$999,000

Listed

Posted Jun 18, 2026 · 2 months ago

3 bd

·

2 ba

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