644 Vaughan Road
Oakwood Village, Toronto
$1,399,000
Redevelopment site . This property is in high demand area, surrounded by redevelopment sites. Zoned CR2, major transit station area, walking distance to Oakwood LRT Station. In addition to being excellent future mixed-use urban development that can combine residential, commercial, and recreational, the property is currently being used as triplex, with two units rented generating $1,600/month for the basement apartment, $2,000 for the upper level plus a third section on the upper that has potential income of $2,000 with 5 parking spaces.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,542 |
| Lot Size | 23.79 ft x 122.08 ft |
| mls© Number | C13025350 |
| Listed By | AMDIRECT REAL ESTATE SERVICES |
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%
- $7,161
- Property tax
- $379
- Heat allowance
- $150
- Housing costs
- $7,689 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$237,000
gross annual household income
- Payment at 4%
- $5,887 / mo
- Cash down
- $279,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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