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New4 days ago

31 Frimette Crescent

Rockcliffe-Smythe, Toronto

$729,000

Detached|Bungalow
3 | 2 | 3
About this home

Sometimes the best opportunities don't come move-in ready. They come with a vision. Welcome to 31 Frimette Crescent, an exceptional land-value opportunity in Toronto's established Rockcliffe-Smythe neighbourhood. Set on a mature, irregular lot surrounded by tree-lined streets and well-established homes, this property offers builders, investors and end users the chance to start fresh and create something entirely their own.The existing bungalow and detached single-car garage are being sold strictly in as-is, where-is condition, with the value attributed to the land and future redevelopment potential. An ideal opportunity to design and build a custom home in a convenient west-end community that continues to grow and evolve.Enjoy easy access to the scenic Humber River trail system, James Gardens, Smythe Park and the cafés, restaurants and shops of The Junction. Stock Yards Village is nearby for everyday shopping, while TTC routes, GO Transit, UP Express and the Eglinton Crosstown provide excellent connectivity throughout the city. Conveniently located close to schools, parks, major highways and downtown Toronto.Bring your plans, your creativity and your vision. Opportunities to build in an established Toronto neighbourhood like this are becoming increasingly rare.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,389
Lot Size58.83 ft x 55.5 ft
mls© NumberW13625540
Listed ByRE/MAX HALLMARK 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%
$3,731
Property tax
$366
Heat allowance
$150
Housing costs
$4,247 / mo

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

Down payment20% · $145,800
25-yr amortization

Income needed

$131,000

gross annual household income

Payment at 4%
$3,068 / mo
Cash down
$145,800

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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