

84 Ranee Avenue
Englemount-Lawrence, Toronto
$890,000
Bungalow in a beautiful North York location! This well-kept home offers 3 beds, 2 baths, and a finished basement with separate entrance featuring 1 bedroom and 1 washroom - perfect for extended family or added living space (not a legal basement apt). Roof, furnace, and island kitchen are new. Bungalow is dated and does need some upgrades. Close to schools, parks, transit & amenities. Minutes away from Allen rd & 401!. A fantastic opportunity for families or investors - don't miss it! One room only in the basement is currently rented for $800 / month. BUILDERS - there is potential. Fourplex Permitted - The RD zoning permits a fourplex, providing flexibility for redevelopment or multi-unit residential use. Redevelopment-Ready Lot - Approximately 40 x 132 ft lot provides a development opportunity.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $501 |
| Lot Size | 40 ft x 132 ft |
| mls© Number | C13608788 |
| Listed By | RE/MAX REALTRON REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,555
- Property tax
- $42
- Heat allowance
- $150
- Housing costs
- $4,747 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$146,000
gross annual household income
- Payment at 4%
- $3,745 / mo
- Cash down
- $178,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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