New deals every week. Shop Deals →
Publicly listedPosted 3 months ago

2966 Islington Avenue Toronto (Humber Summit), Ontario

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.

About this property

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 analysis

Opportunity score

0 / 10

Recommended strategy

Fix & Flip|Rental|Turnkey

Automated estimate generated from listing data. Not a property valuation or investment advice.

Facts and features

Property type

Income Property

Status

For Sale

Separate entrance

No

Business case

Opportunities

  • Additional housing applications and increased density along major roads
  • Official Plan Designated For MMS zoning (Main Street Mixed Use)
  • Enormous upside potential for future development and Rezoning

Mortgage calculator

Full calculator

20.0%

0%
20%
50%
100%

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 →

Cash flow analysis

Full rental analysis

/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

NET / MOAdd the rent

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

Interested in this property?

Get full details, or a cash offer if you're the owner.

Or call (647) 333-0170

More properties

View all
Buyers list · Free to join

Get Ontario deals in your inbox

Off-market homes, rentals and fixer-uppers, sent to buyers on our list as soon as they come in.

Houses, rentals, fixer-uppers and multi-units

Only the ones that match what you’re looking for

Free, and you can unsubscribe anytime

Join the buyers list

Tell us what you’re after. We’ll send the deals that fit.

What are you looking for?

Free. No spam. We never share your details.

How the buyers list works