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Listed 27 days ago

922A Danforth Road

Kennedy Park, Toronto

$799,999

Detached|Bungalow
3 | 2 | 2
About this home

Welcome To 922A Danforth Rd, A Beautifully Renovated And Meticulously Maintained Detached Bungalow In The Heart Of Scarborough. This Move-In Ready, Pet-Free And Smoke-Free Home Features A Bright And Functional Layout With Spacious Living Areas, 2 Full Bathrooms, And A Newly Renovated, Fully Finished Walk-Out Basement Offering Excellent Rental Income Potential Or An Ideal In-Law Suite. Major Updates Completed In 2021 Include The Roof, Furnace, Central Air Conditioning, Windows, And Light Fixtures, Providing Peace Of Mind For Years To Come. The Property Also Features Two Backyard Storage Sheds For Additional Storage. Ideally Located Directly Across From Robert Service Senior Public School And Just Steps To Walter Perry Junior Public School, This Centrally Located Home Is Close To TTC, Shopping, Grocery Stores, Restaurants, Parks, Community Amenities, And Major Routes. An Exceptional Opportunity For First-Time Buyers, Growing Families, Or Investors Seeking A Fully Updated Home With Income Potential In A Highly Desirable Toronto Neighbourhood.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,200
Lot Size62 ft x 113 ft
mls© NumberE13541148
Listed ByEVEREST REALTY LTD.

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%
$4,095
Property tax
$267
Heat allowance
$150
Housing costs
$4,511 / mo

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

Down payment20% · $160,000
25-yr amortization

Income needed

$139,000

gross annual household income

Payment at 4%
$3,367 / mo
Cash down
$160,000

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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