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Listed 1 month ago

6 Monaco Court

Black Creek, Toronto

$999,000

Detached|2-Storey
4 | 3 | 10
About this home

A Rare Offering in Prime North York Discover an exceptional opportunity to own one of the largest parcels in the neighbourhood, set on an expansive 39 x 160 ft lot (nearly 1/4 acre). This remarkable property combines immediate income potential with outstanding future redevelopment possibilities. Offering over 2,100 sq ft of living space, this spacious residence features 8bedrooms and generates approximately $5,000 per month in rental income. Thoughtfully designed for flexibility, it includes multiple self-contained living areas with separate entrances-ideal for multi-generational living or investors seeking strong returns. The home showcases a bright open-concept layout, hardwood flooring, and a sunroom extension that enhances everyday living. A kitchen extension adds further functionality with potential for additional amenities. Outdoors, enjoy a private oversized backyard and extensive parking, including 8-cardriveway capacity and an oversized garage. The garage also offers future conversion potential into additional living space (subject to approvals).Perfectly positioned near the newly inaugurated LRT and just minutes from Vaughan downtown, three nearby subway stations, this home provides seamless access to transit, York University, major highways, shopping, and top amenities-all while being tucked away on a quiet, desirable court. With its rare lot size, prime location, and versatile layout, this is a standout opportunity for investors, builders, and end users alike.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$3,928
Lot Size39 ft x 160 ft
mls© NumberW13484164
Listed ByRE/MAX GOLD REALTY INC.

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%
$5,113
Property tax
$327
Heat allowance
$150
Housing costs
$5,591 / mo

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

Down payment20% · $199,800
25-yr amortization

Income needed

$172,000

gross annual household income

Payment at 4%
$4,204 / mo
Cash down
$199,800

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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