482 Warden Avenue
Oakridge, Toronto
$879,000
***Legal Basement Apartment! *Ideal For First-Time Buyers, Investors Or Multi-Generational Families! *Many Lenders Consider Income From A Legal Apartment When Calculating Mortgage Affordability! *A Legal Basement Apartment Like This One May Help You Afford More Home Than You Think! ***Current Combined Rental Income Totals $3,618.70 Per Month + Utilities! *Main Floor Currently Rented For $1,978.70/Month + 65% Utilities! *Legal Basement Apartment Currently Rented For $1,640/Month + 35% Utilities! * Detached Brick Bungalow Sits On A 40' x 120' Lot And Features A Good Sized Front Yard & Large Backyard! *New Driveway (2005) That Easily Fits 5 Cars! *New Central Air Conditioner (2025) ! *Detached Garage With New Garage Door (2025) ! *Shared Laundry With Coin-Operated Washer & Dryer! *Walking Distance To Public School, Catholic School & Birchmount Park Collegiate Institute! *Great Location On The Bus Line To 3 Subway Stations - Warden, Victoria Park & Main Street! *This Home Can Use Some TLC, But The Potential Is Tremendous!
No extras listed.
Visit this home
Pick a time that works for you.
No upcoming open houses.
| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,097 |
| Lot Size | 40 ft x 120 ft |
| mls© Number | E13622968 |
| Listed By | RE/MAX HALLMARK FIRST GROUP 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%
- $4,499
- Property tax
- $341
- Heat allowance
- $150
- Housing costs
- $4,991 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$154,000
gross annual household income
- Payment at 4%
- $3,699 / mo
- Cash down
- $175,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
Nearby listings
Comparable sales
- No similar listings found.
