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New6 days ago

505 Silverstone Drive

West Humber-Clairville, Toronto

$975,000

Detached|Bungalow
3 | 3 | 4
About this home

Welcome to this beautifully maintained detached home in the heart of Etobicoke, featuring a newly renovated kitchen with brand-new cabinetry, elegant quartz countertops, and a stylish quartz backsplash. Recent upgrades include new vinyl flooring throughout the living room, dining room, and bedrooms, a brand-new dishwasher, fresh paint throughout, and modern pot lights in the living and dining areas. New Zebra blinds upper and lower level. Ideally located just steps from the LRT, this home offers exceptional convenience for commuters and families while being situated in a quiet, established neighborhood. Enjoy easy access to parks, schools, shopping, restaurants, and all essential amenities. A separate entrance to the basement adds tremendous value and flexibility, offering excellent income potential. The basement can generate approximately $2,500-$3,000 per month in rental income, making this property an attractive opportunity for both investors and homeowners looking to help offset mortgage costs. Combining modern upgrades, a prime location, and strong income potential, this is a fantastic opportunity to own a versatile property in one of Etobicoke's most convenient and desirable communities. Don't miss your chance to make this exceptional property your new home.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,265
Lot Size45.06 ft x 85.26 ft
mls© NumberW13620984
Listed ByHOMELIFE/MIRACLE REALTY LTD

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%
$4,990
Property tax
$272
Heat allowance
$150
Housing costs
$5,413 / mo

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

Down payment20% · $195,000
25-yr amortization

Income needed

$167,000

gross annual household income

Payment at 4%
$4,103 / mo
Cash down
$195,000

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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