371 Royal York Road
Mimico, Toronto
$1,499,000
33.5 FT X 168 FT DEVELOPMENT OPPORTUNITY . SITE AREA 5,543 SQ FT . MIXED-USE DESIGNATION . CR3.0 ZONING . 16,630 SQ FT BUILDABLE "AS-OF-RIGHT" . MAJOR TRANSIT STATION AREA. 400 METERS FROM MIMICO GO STATION . DIRECT VIEW OF SANREMO , JIMMYS COFFEE , REVOLVER PIZZA . STEPS TO TRANSIT , NO FRILLS, MONTES PREMIUM MEATS , LOCAL SCHOOLS , PARKS, WATERFRONT , MIMICO YACHT CLUB, COSTCO , CINEPLEX, AND MORE! DIRECT ACCESS TO DOWNTOWN AND AIRPORT VIA GARDINER EXPRESSWAY.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,929 |
| Lot Size | 33.46 ft x 168 ft |
| mls© Number | W13479108 |
| Listed By | INTRUST COMMERCIAL REAL ESTATE BROKERAGE INC. |
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%
- $7,673
- Property tax
- $327
- Heat allowance
- $150
- Housing costs
- $8,150 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$251,000
gross annual household income
- Payment at 4%
- $6,308 / mo
- Cash down
- $299,800
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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