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Listed 15 days ago

12 Orley Avenue

Woodbine-Lumsden, Toronto

$879,900

Detached|Bungalow
2 | 2 | 0
About this home

Welcome to this tastefully updated home that maintains its original character while adding all of the modern comforts. The home's mechanical systems include central A/C, a high efficiency gas furnace, fibre-optic internet, and hard-wired ethernet throughout the home. Solar panels on the roof generate clean electricity and offset the home's energy costs by approx $500 annually. An Ecobee smart thermostat controls it all. This Turn-key East York bungalow is situated on a quiet one-way street, just a short walk from Danforth with its restaurants, retail and transit. The Bloor-Danforth subway line offers 2 subway stations less than a 10 min walk away( Main & Woodbine Stations). Prefer the GO to get downtown? Danforth GO is than a 15 minute walk. Public, elementary and middle schools are nearby.Updated kitchen mixes the restored original cabinetry with new vinyl flooring, a dishwasher, & brand new electric range. ** No carpet!** Updated and original hardwood flooring throughout the main level. The finished basement includes a large open rec-room with new vinyl flooring, a storage area, and a 3 piece bath. Pot lights & and a Franklin gas stove keep the basement bright and cozy. The basement ceiling is open to the joists, and can be closed, painted, or left as-is: you decide. Fully fenced back yard with a covered porch and a modernized detached garage that provides space for bikes, motorcycles, scooters & hobbies. The driveway is too narrow for a car to get to garage but the seller has utilized (permitted) street parking without issue.Don't miss this excellent opportunity to own an updated, move-in ready detached home in a Toronto neighbourhood that is experiencing substantial investment. Home to the east is new, under construction, and 2 homes to west are recently built.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,458
Lot Size25 ft x 100 ft
mls© NumberE13585894
Listed ByROYAL LEPAGE RCR REALTY

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%
$4,504
Property tax
$372
Heat allowance
$150
Housing costs
$5,025 / mo

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

Down payment20% · $175,980
25-yr amortization

Income needed

$155,000

gross annual household income

Payment at 4%
$3,703 / mo
Cash down
$175,980

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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