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New6 days ago

7 Heyworth Crescent

East End-Danforth, Toronto

$1,135,000

Detached|2-Storey
3 | 3 | 0
About this home

Fantastic opportunity for investors or multi-generational families! This detached home offers two separate living quarters, providing flexibility, privacy, and excellent income potential. Situated on a generous lot with a spacious backyard, this property is ideally located just minutes from downtown Toronto and steps from the waterfront, parks, trails, and the highly sought-after Upper Beaches community. The main level features a bright foyer and spacious living room with large windows that fill the home with natural light. The primary bedroom offers a walkout to a deck, creating the perfect space to enjoy your morning coffee or unwind at the end of the day. The lower level includes a functional kitchen with pot lights, stainless steel sink, and a walkout to the backyard. The adjoining dining area is combined with the kitchen, creating an inviting space for everyday living and entertaining. A spacious bedroom with closet space and convenient ensuite bath completes this level. Upstairs, you'll find a separate living area highlighted by a vaulted ceiling and large windows. The bright kitchen features a walkout to a private balcony, while the bedroom offers ample closet space and natural light. With separate living spaces, a desirable location close to transit, waterfront amenities, and downtown Toronto, this property presents an exceptional opportunity for investors, first-time buyers looking for mortgage assistance, or families seeking versatile living arrangements.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,520
Lot Size24.67 ft x 75.16 ft
mls© NumberE13617390
Listed ByRE/MAX Rouge River 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%
$5,809
Property tax
$460
Heat allowance
$150
Housing costs
$6,419 / mo

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

Down payment20% · $227,000
25-yr amortization

Income needed

$198,000

gross annual household income

Payment at 4%
$4,776 / mo
Cash down
$227,000

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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