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New1 day ago

3857 Finch Avenue E

L'Amoreaux, Toronto

$1,999,000

Detached|Bungalow
3 | 2 | 5
About this home

PRIME OPPORTUNITY ON FINCH AVE EAST! LOCATION, LOCATION, LOCATION! Prime Lot Situated At Finch Avenue & Kennedy Road Next To The Petro Canada Gas Station! 60 Ft Lot Combined With The Abutting Lot For A Total Of 120 Ft Frontage! An exceptional opportunity for developers, builders, investors, and end users alike. This substantial corner property offers outstanding potential in a highly sought-after location, with the added advantage of being within walking distance of the future GO Station.With its generous lot size, prominent corner exposure, and strategic location, the property presents exciting possibilities for future development, subject to all applicable municipal approvals and requirements. Whether you are looking to build, invest, or secure a property with significant long-term potential, opportunities of this calibre are rarely available. Enjoy unparalleled convenience with easy access to shopping centres, schools, restaurants, public transit, major highways including the 401, 404, and 407, as well as the scenic and highly desirable Scarborough Bluffs. An exceptional location with tremendous present-day convenience and exciting future potential. Don't miss the opportunity to secure this rare corner property! This impressive property offers a rare combination of lot size, location, exposure, and future potential, making it an ideal opportunity for developers, builders, investors, and discerning end users. Situated within walking distance of the future GO Station, this property is positioned to benefit from significant improvements in transit connectivity and continued growth in the surrounding area. The possibilities are compelling, whether you are looking to explore future development, build, hold as a strategic investment, or create a custom residence.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,271
Lot Size50.07 ft x 125.05 ft
mls© NumberE13806218
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,232
Property tax
$439
Heat allowance
$150
Housing costs
$10,821 / mo

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

Down payment20% · $399,800
25-yr amortization

Income needed

$333,000

gross annual household income

Payment at 4%
$8,412 / mo
Cash down
$399,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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