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Listed 8 days ago

159 Parkmount Road

Greenwood-Coxwell, Toronto

$1,279,000

Detached|3-Storey
4 | 3 | 2
About this home

This is the Swiss Army Knife of homes! Live in a gorgeous 2 storey owners suite with a rooftop deck and collect $3,490 a month from the existing main floor and lower level suites or treat it as a pure investment before real estate prices rebound. And 8min walk to both Greenwood & Coxwell Stations, with Monarch Park at the bottom of the street (playground, outdoor pool, ice rink & more ) - this location is hard to beat! The main floor is currently a 2 bedroom suite with sliding doors to the backyard (rented for $2,295) while the basement is a 1 bedroom suite with separate side entrance (currently rented for $1,195). The upper suite is a spacious two level residence which will be vacant on possession - allowing a purchaser to move right in or fill at market rent. Great location, fully detached, 3 storeys and 2 car covered parking off a lane!

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Got questions?

Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style3-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,954
Lot Size20 ft x 126 ft
mls© NumberE13608076
Listed ByRE/MAX HALLMARK 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%
$6,547
Property tax
$496
Heat allowance
$150
Housing costs
$7,193 / mo

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

Down payment20% · $255,800
25-yr amortization

Income needed

$221,000

gross annual household income

Payment at 4%
$5,382 / mo
Cash down
$255,800

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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