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Publicly listedPosted 6 months ago

77 Letchworth Crescent Toronto (Downsview-Roding-Cfb), Ontario

Letchworth Crescent, Toronto (Downsview-Roding-Cfb), ON, M3M1Z1

Asking Price

$1,249,000

3

Beds

3

Baths

Detached

Type

Listed on MLS and shown here with a PrivateDeals opportunity analysis. PrivateDeals is not the listing brokerage.

About this property

Muskoka living in the city! Welcome to 77 Letchworth Crescent, a beautifully updated 3-bedroom, 3-bathroom detached home on a rare ravine lot backing directly onto the peaceful green space of Roding Park, with no rear neighbours. The bright, open-concept main floor features a modern kitchen with granite countertops, stylish finishes, expansive windows and beautiful ravine views. The walk-out lower level offers a spacious family room, second kitchen and potential for future bachelor-style living space. Enjoy an elevated deck, landscaped backyard, brick patio and custom fire pit-perfect for relaxing or entertaining in a private natural setting. Complete with an attached two-car garage and parking for up to seven vehicles, this exceptional home combines private ravine living, flexibility and city convenience. (id:24493) MLS® #W13575088 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

0.5 / 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

Detached

Parking

Attached Two-Car Garage & Parking for Up to Seven Vehicles

Basement

Walk-Out Lower Level with Potential for Future Living Space

Separate entrance

No

Business case

Strengths

  • Rare ravine lot with green space and natural views
  • Flexibility in use of lower level space
  • Parking for up to seven vehicles

Opportunities

  • Potential for increase in property value with renovation
  • Rent increase opportunities with updated amenities
  • Tax benefits with Turnkey investment

Weaknesses

  • Limited rear access due to green space
  • Potential for future property tax hikes
  • Maintenance required for private ravine area

Threats

  • Neighboring park development risks
  • Property tax changes from city or government
  • Maintenance costs for large property

Mortgage calculator

Full calculator

20.0%

0%
20%
50%
100%

Monthly payment (principal + interest)

$6,693

Down payment

$249,800

Mortgage amount

$999,200

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

%

= $249,800 · 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

$7,942/mo

Mortgage (P+I)

−$6,693

Property tax

−$1,249

Asking Price

$1,249,000

Interested in this property?

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

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