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Listed 1 month ago

16 Armstrong Avenue

Dovercourt-Wallace Emerson-Junction, Toronto

$1,599,900

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

Custom home built in 1989, in the heart of Toronto. This home have 4 bedroom, 4 washroom, 2 kitchen, also features large living and dining area, large eat-in kitchen, skylight oak staircase, hardwood floorings just have been sanded and refinished with natural semi-gloss varnish. Recently updated washrooms, double garage at rear on the laneway, roof updated in 2024. Garage roof 2025 and new exterior siding 2026. Basement fully finished with in law suite, or family room. With front, back and side entrance to the basement, walkout to the paved patio to enjoy outdoor. This house had an upgraded to 200 amp electrical panel. Makes an excellent home for a large family or an income property. Steps to TTC, Dufferin Station, Dufferin Mall Shopping Center, Schools, Restaurants, Community Center, and much more.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,417
Lot Size16 ft x 123 ft
mls© NumberW13507878
Listed ByRE/MAX WEST 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%
$8,189
Property tax
$535
Heat allowance
$150
Housing costs
$8,874 / mo

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

Down payment20% · $319,980
25-yr amortization

Income needed

$273,000

gross annual household income

Payment at 4%
$6,733 / mo
Cash down
$319,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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