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Listed 12 days ago

730 Danforth Road

Kennedy Park, Toronto

$948,000

Detached|Bungalow
3 | 2 | 5
About this home

Brand new, fully renovated legal duplex offering an exceptional opportunity for first-time investors or buyers looking to live in one unit while generating rental income from the other. Featuring new vinyl flooring throughout, fresh paint, modern light fixtures, plus plenty of parking, offering a total of 5 parking spaces! Both units are bright, open, and airy with functional layouts designed for comfortable living. The legal duplex configuration provides excellent flexibility for multigenerational living or maximizing rental income. Ideally located on Danforth Road, this property is close to everyday conveniences, TTC transit, schools, shopping, and restaurants. Enjoy easy access to multiple TTC bus routes with convenient connections to Kennedy Station, Warden Station, and the Scarborough GO Station, making commuting throughout Toronto simple and efficient. The property also offers quick access to Highway 401 and the Don Valley Parkway for seamless travel across the GTA. Outdoor enthusiasts will appreciate the nearby parks and recreation options, including McCowan District Park, Glen Sheppard Park, and several community green spaces featuring playgrounds, sports fields, walking trails, and year-round recreational facilities. Nearby shopping, grocery stores, cafés, and everyday amenities make this a convenient and family-friendly neighborhood with everything you need just minutes away!

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,853
Lot Size50 ft x 98 ft
mls© NumberE13600144
Listed ByELEVATE REALTY 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%
$4,852
Property tax
$321
Heat allowance
$150
Housing costs
$5,323 / mo

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

Down payment20% · $189,600
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,989 / mo
Cash down
$189,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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