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Price Change$999,000

56 Gatesview Avenue

Scarborough Village, Toronto

$1,258,000

Detached|Backsplit 5
5 | 4 | 8
About this home

Welcome To A Truly Rare Opportunity! Nestled In A Quiet Neighborhood, This Spacious And Well-Maintained 5+2 Bedroom, 4 Bathroom Family Home Features 1,968 Sq. Ft. Of Above-Grade Living Space. Situated In A Highly Sought-After Pocket Just A Short Stroll From The Prestigious Scarborough Golf And Country Club, This Home Sits On An Impressive 71 x 200 Ft Premium Lot Where The Possibilities Are Endless. The Inviting Layout Effortlessly Blends Everyday Comfort With Functional Living, Highlighted By A Walk-Out Basement And A Separate Entrance Offering Immense Income Potential. This Home Is Ideal For Multi-Family Living, Growing Households, Or Investors Exploring Future Development. Step Outside To Your Sprawling, Ultra-Private Backyard Oasis Where Relaxation Meets Majestic Views. This Rarely Offered Gem Just Minutes to All Amenities, Including Transit, Shopping, Parks, Schools, And The Beautiful Shores Of Lake Ontario. Don't Miss The Chance To Own This Beautiful Home.

Extras

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBacksplit 5
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,690
Lot Size71 ft x 200 ft
mls© NumberE13555092
Listed BySMART SOLD 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 actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,439
Property tax
$391
Heat allowance
$150
Housing costs
$6,980 / mo

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

Down payment20% · $251,600
25-yr amortization

Income needed

$215,000

gross annual household income

Payment at 4%
$5,294 / mo
Cash down
$251,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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