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132 SPEARS STREET Toronto (Rockcliffe-Smythe), Ontario

SPEARS STREET, Toronto (Rockcliffe-Smythe), ON, M6N3X7

3 Beds

1 Baths

Detached Bungalow
Listed

$649,000

Asking Price

132 SPEARS STREET Toronto (Rockcliffe-Smythe), Ontario, photo 1
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About This Property

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

Opportunity Analysis

Score: 8 / 10

Recommended Strategy:

Fix & Flip | Rental | Turnkey

Facts & Features

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

Business Case

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

Mortgage Calculator

Down Payment

0%
20%
50%
100%

Canadian semi-annual compounding

Down

$129,800

Loan

$519,200

Monthly P+I

$3,478

Cash Flow Analysis

= $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

NET / MO-$4,127

Enter rental income to activate the gauge

Asking Price

$649,000

Listed

Posted Jul 17, 2026 · 2 days ago

3 bd

·

1 ba

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