Islington Avenue, Toronto (Humber Summit), ON, M9L2K6
Asking Price
$969,900
Income Property
Type
Listed on MLS and shown here with a PrivateDeals opportunity analysis. PrivateDeals is not the listing brokerage.
An incredible opportunity for Investors and or builders to own this amazing Income Property. The Official Plan Designated For MMS zoning (Main Street Mixed Use) ranging from commercial and residential applications. An exceptional area providing enormous upside potential for future development and Rezoning. The City of Toronto is exploring possible approval of additional housing applications and increased density along major roads. All buyers to verify and conduct their own due diligence with the city planning department. (id:24493) MLS® #W13584444 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 score
0 / 10
Recommended strategy
Fix & Flip|Rental|TurnkeyAutomated estimate generated from listing data. Not a property valuation or investment advice.
Property type
Income Property
Status
For Sale
Separate entrance
No
Opportunities
20.0%
Monthly payment (principal + interest)
$5,197
Down payment
$193,980
Mortgage amount
$775,920
Rate · amortization
6.5% · 25 yrs
Canadian semi-annual compounding. Add CMHC & land transfer tax →
/month
What it would rent for, all units combined
%
= $193,980 · linked to the mortgage calculator
/mo
Est. 1.2% of price a year
/mo
Repairs, condo fees
Monthly cash flow
Enter the rent to see if this home pays for itself.
Rent needed to break even
$6,167/mo
Mortgage (P+I)
−$5,197
Property tax
−$970
Asking Price
$969,900
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