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Listed 1 month ago

16 Cliff Street

Rockcliffe-Smythe, Toronto

$850,000

Detached|1 1/2 Storey
3 | 1 | 3
About this home

THOUSANDS SPENT $$ - a new electrical panel has been installed, and new wiring has been updated throughout. The original lead pipe in the home was removed. Discover a truly exceptional opportunity at 16 Cliff Street, a one-of-a-kind property cherished by the same family since 1970's. Set on an incredibly rare 90 x 120 ft lot, this this expansive, expansive, parcel offers a blend of privacy, elevation, and inspiring sight lines, including leafy park views and glimpses of the Toronto skyline. Its unique topography creates architectural possibilities rarely found in the city---whether you envision renovating the existing family home, designing and building a custom dream residence, or unlocking a compelling investment opportunity. Zoned RM (f12.0; u4; d0.8)(x252), the property provides notable flexibility and accommodates accommodates a variety variety of residential forms, supporting long-term potential in a neighbourhood poised for significant growth. The area is rapidly transforming with the arrival of the Eglinton Crosstown LRT, the new Mount Dennis Station, modernized streetscapes, and ongoing community investment. Residents enjoy unbeatable access to numerous parks, pools, playgrounds, skating rinks, recreation centres, libraries, and schools, creating a family-friendly and future-forward environment. With its size, zoning, location, and tremendous versatility, 16 Cliff Street presents presents a rare chance to secure an oversized property in one of Toronto's most promising and up-and-coming pockets--an opportunity not to be missed by end-users, builders, and investors alike!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$3,426
Lot Size90 ft x 120 ft
mls© NumberW13506194
Listed ByRE/MAX PROFESSIONALS 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%
$4,351
Property tax
$286
Heat allowance
$150
Housing costs
$4,786 / mo

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

Down payment20% · $170,000
25-yr amortization

Income needed

$147,000

gross annual household income

Payment at 4%
$3,577 / mo
Cash down
$170,000

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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