SPEARS STREET, Toronto (Rockcliffe-Smythe), ON, M6N3X7
3 Beds
1 Baths
$649,000
Asking Price
Charming detached bungalow on a quiet residential street in Toronto's sought-after Rockcliffe-Smythe neighbourhood. This bright and functional home features an open-concept living and dining area, spacious kitchen, generous-sized bedrooms, and a deep 15 x 150 ft lot with backyard space perfect for relaxing or entertaining. Currently set up as a 2 family property with a basement apartment with separate entrance from the front, ideal for income or in-law suite. Stairs to basement currently blocked but easily opened if single family is desired. Long backyard. Resident has been parking in front of the home on the boulevard for many years but does not have a parking permit (Buyer to do due diligence). Very bright with east/west exposure. Conveniently located close to parks, schools, shopping, transit, and everyday amenities, offering comfortable urban living in an established family-friendly community. Ideal for professionals, couples, or small families seeking a well-connected west-end location. Small concrete floor section on side of the house to be repaired once the weather improves and before closing. Offers anytime. Don't miss this opportunity! (id:24493) MLS® #W13496410 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
For-Sale
Lot Size
15 x 150 ft
Parking
None (Note: Parking is a concern as the resident has been parking on the boulevard without a permit)
Basement
Finished (with separate entrance)
Separate Entrance
Yes
Strengths
• Desirable location
• Potential for income with separate entrance
• Long backyard for outdoor recreation or expansion
Weaknesses
• Parking concerns
• Need for concrete floor repair
• Potential for costly repairs or updates
Opportunities
• Upgraded kitchen and bathrooms could increase value
• Potential to expand the home or add additional square footage
• Strategic renovations could address parking concerns
Threats
• Neighborhood changes or gentrification
• Market fluctuations
• Potential for costly liens or property taxes
Down Payment
Canadian semi-annual compounding
Down
$129,800
Loan
$519,200
Monthly P+I
$3,478
= $129,800 · 20.0% committed
Auto-calculated from mortgage above
Ontario default: 1.2% of $649,000 ÷ 12
Monthly Summary
Mortgage (P+I)
$3,478
Property Tax
$649
Total Out
$4,127
Rental In
$0
Net / Month
-$4,127
Net Cash Flow
Enter rental income to activate the gauge
Asking Price
Posted Jul 17, 2026 · 2 days ago
3 bd
·
1 ba