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Milliken, Toronto
$2,900,000
Attention INVESTOR & OWNER** Great Investment Income Generating Opportunity to own this Large Home of approx 5000.sq.ft. +/- in a high-demand area of Scarborough.An exceptional opportunity to purchase a brand new, custom-built home with 7 Bedrooms, 3 Full Kitchens and 7 washrooms, finished legal basement with separate entrance and a 2 Br Garden Suite. The Basement Area & Garden Home Offers Significant Potential For Creating Additional Income Or Custom-Designed Family Living Spaces. This Spacious Property Features 4 Generously Sized Bedrooms all with attached bathrooms, a spacious office/Study room, large Kitchen And a Eating Areas, Living & Dining Rooms, Family Room Providing ample room For Family And Guests.10 ft ceiling on the main floor and 9 ft on 2nd and basement.This offering allows a buyer to acquire the property as a fully designed and approved newbuild, with all architectural plans, engineering, and approvals already completed, and a reputable builder is prepared to deliver the home. Personalize your interior selections,including kitchen cabinets, wall units, countertops, and paint colours. Full drawings,specifications, and build details available. Easy access to all amenities, shopping, schools,Public Transit, Mature Neighborhood, close to Plaza, Malls, Schools, parks, and Hospitals.LEGAL BASEMENT APARTMENT & GARDEN SUITE- INCOME FROM DAY ONE- Registered two+One unit dwelling, featuring 1+Den bedroom basement apartment & 2 Bedroom Garden suite with separate entrance and separate laundries.
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | New |
| Size | 3500-5000 sq. ft. |
| Property Tax | --- |
| Lot Size | 40 ft x 200 ft |
| mls© Number | E13175312 |
| Listed By | ROYAL LEPAGE TERREQUITY REALTY |
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 estimated carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $14,844
- Property tax (estimated)
- $0
- Heat allowance
- $150
- Housing costs
- $14,994 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$461,000
gross annual household income
- Payment at 4%
- $12,204 / mo
- Cash down
- $580,000
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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