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Listed 15 days ago

505 Caledonia Road

Caledonia-Fairbank, Toronto

$939,000

Detached|Bungalow
2 | 2 | 4
About this home

CALEDONIA DREAMIN! Where bungalow meets bunga-LOVE. A beautifully updated, detached family home packed with charm, smart upgrades, storage and convenience. Redesigned with an open-concept kitchen, dining and living space that makes family life and entertaining feel effortless, while two main-floor bedrooms are quietly tucked away at the back for added privacy. Finished lower level is a huge bonus, with its own kitchen, full bathroom and built-in Murphy bed! Perfect for guests, extended family, a nanny suite or future income potential. Outside, a private driveway and detached garage offer parking for multiple vehicles (or park in the front and let the kids ride their bikes back and forth!). A bonus backyard studio is ready for crafts, an office, creative projects or simply keeping all your garden gear neatly tucked away. One of Toronto's best-kept west-end secrets, this neighbourhood delivers convenience with a genuine community feel. Minutes to Corso Italia, The Stockyards, Yorkdale and The Junction, you'll find incredible bakeries, neighbourhood restaurants, parks, shopping and transit all within easy reach. Great food. Great neighbours. Great value. Come and get it.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,504
Lot Size31 ft x 100 ft
mls© NumberW13586010
Listed BySAGE REAL ESTATE LIMITED

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%
$4,806
Property tax
$375
Heat allowance
$150
Housing costs
$5,332 / mo

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

Down payment20% · $187,800
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,951 / mo
Cash down
$187,800

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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