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New1 day ago

3859 Finch Avenue E

L'Amoreaux, Toronto

$1,999,000

Detached|Bungalow
6 | 1 | 4
About this home

KEY-LOK PROPERTY ON FINCH AVE EAST!LOCATION, LOCATION, LOCATION! Prime Corner Lot Situated At Finch Avenue & Kennedy Road Abutting The Petro Canada Gas Station!An exceptional opportunity for developers, builders, investors, and end users alike. Thissubstantial 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 propertypresents exciting possibilities for future development, subject to all applicable municipalapprovals 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 futurepotential, 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 tobenefit from significant improvements in transit connectivity and continued growth in thesurrounding area. The possibilities are compelling, whether you are looking to explore

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,766
Lot Size60.02 ft x 125.35 ft
mls© NumberE13806236
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
$397
Heat allowance
$150
Housing costs
$10,779 / mo

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

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

Income needed

$332,000

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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