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Listed 19 days ago

44 Transwell Avenue

Newtonbrook West, Toronto

$1,749,888

Detached|Bungalow
3 | 3 | 7
About this home

The Ultimate Cash-Flow Investment in North York. Situated on a premium 60x125-foot lot, this extensively upgraded home offers exceptional flexibility. It is designed to function as a premium single-family home, a spacious multi-generational residence, or an income-generating investment with high ROI & unmatched rental income of $8,000/month. Exceptional Development Potential: The lot meets requirements for an 1100 SF two-storey Garden Suite, subject to municipal approvals, creating additional solid rental income. Located near excellent schools, parks & extensive trails, shopping & vibrant dining options. Only 8 minute drive to Finch Subway Station & 12 minutes to York University. Quick access to Highways 401, 404, 400 & 407. Separate entrance to lower level units; New lifetime warranty metal roof; New front & side stone veneer; New 6 car interlock driveway; New large deck overlooking a spacious backyard with mature trees; New high-efficiency windows on all levels bring in lots of light to the basement; New front entrance door & patio door; Many high-efficiency upgrades including R60 attic insulation; New Wi-Fi-enabled garage door & 60-amp line for Level 2 EV fast charging. Upgraded 200-amp main panel & 125-amp sub-panel; New AC & humidifier; Dual-source gas & electric heating options for lower-level units; Custom floor-to-ceiling kitchen cabinetry & premium quartz countertops & matching quartz backsplashes for all units; Dual centre islands & quartz waterfall; Premium stainless steel appliances in all units; Elegant Bathrooms: 24x48-inch porcelain tiles, premium glass shower doors, quality faucets & vanities & Pfister spa unit; Premium wide-plank European oak engineered wood in main floor. Durable rigid-core luxury vinyl planks in lower-level units; Custom interior doors & premium black Weiser handles in all units; Oversized real wood baseboards & trim in all units; Separate laundry rooms for all units with graphite stainless steel washers & dryers.

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,251
Lot Size60 ft x 125 ft
mls© NumberC13572438
Listed ByAXXESS REALTY CENTRE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,957
Property tax
$604
Heat allowance
$150
Housing costs
$9,711 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $349,978
25-yr amortization

Income needed

$299,000

gross annual household income

Payment at 4%
$7,364 / mo
Cash down
$349,978

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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