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Listed 2 months ago

3370 Brimley Road

Milliken, Toronto

$2,900,000

Detached|2-Storey
4 | 6 | 6
About this home

Attention INVESTOR & OWNER** Great Investment Income Generating Opportunity to own this Large Home of approx 5000.sq.ft. +/- in a high-demand area of Scarborough.An exceptional opportunity to purchase a brand new, custom-built home with 7 Bedrooms, 3 Full Kitchens and 7 washrooms, finished legal basement with separate entrance and a 2 Br Garden Suite. The Basement Area & Garden Home Offers Significant Potential For Creating Additional Income Or Custom-Designed Family Living Spaces. This Spacious Property Features 4 Generously Sized Bedrooms all with attached bathrooms, a spacious office/Study room, large Kitchen And a Eating Areas, Living & Dining Rooms, Family Room Providing ample room For Family And Guests.10 ft ceiling on the main floor and 9 ft on 2nd and basement.This offering allows a buyer to acquire the property as a fully designed and approved newbuild, with all architectural plans, engineering, and approvals already completed, and a reputable builder is prepared to deliver the home. Personalize your interior selections,including kitchen cabinets, wall units, countertops, and paint colours. Full drawings,specifications, and build details available. Easy access to all amenities, shopping, schools,Public Transit, Mature Neighborhood, close to Plaza, Malls, Schools, parks, and Hospitals.LEGAL BASEMENT APARTMENT & GARDEN SUITE- INCOME FROM DAY ONE- Registered two+One unit dwelling, featuring 1+Den bedroom basement apartment & 2 Bedroom Garden suite with separate entrance and separate laundries.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNew
Size3500-5000 sq. ft.
Property Tax---
Lot Size40 ft x 200 ft
mls© NumberE13175312
Listed ByROYAL LEPAGE TERREQUITY REALTY

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 estimated carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$14,844
Property tax (estimated)
$0
Heat allowance
$150
Housing costs
$14,994 / mo

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

Down payment20% · $580,000
25-yr amortization

Income needed

$461,000

gross annual household income

Payment at 4%
$12,204 / mo
Cash down
$580,000

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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