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New4 hours ago

93 Cavell Avenue

Mimico, Toronto

$1,085,000

Detached|Bungalow
2 | 2 | 3
About this home

There are family bungalows on regular lots, and then there are well cared for family bungalows on massive 33 x 153 foot lots in AAA locations. Here at 93 Cavell, we have the latter. Let me tell you, friends, this Mimico by the lake location does not get any better. A quick walk to the lake, a quick walk to the Mimico GO, and quick access to all the shops, restaurants, schools, parks and community spaces Mimico has to offer. And while I am at it, I may as well plug Mimico as Toronto's best kept secret. Where else can you get a detached family home with this kind of access to lakefront, great schools, parks and entertainment, and still be downtown in under 20 minutes???! NOWHERE. What we have here is an original bungalow with some updates, and you could live in it today just as it is or update it as you see fit. Either way, you will notice the original hardwood in great shape, 2 plus 2 bedrooms, 2 baths, and a separate entrance to the basement. Oh, and I should mention the private drive and the fully fenced yard. The principal rooms are large, the setting is a lovely one brimming with natural light, and the whole place is very charming if you ask me. The eat in kitchen is a great size and presents an opportunity to remove a wall and create some real wow factor, and for those of you looking for a third bedroom, the dining room could easily be converted. Love it as it is, renovate it, top it up, or build something new. That part is up to you. The one thing that is not up for discussion is that with this lot in this location, we have a ridiculous opportunity. Lot outlines are for information purposes only (please ask for survey)

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,957
Lot Size33.46 ft x 153.25 ft
mls© NumberW13816940
Listed ByRE/MAX REALTY SPECIALISTS 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%
$5,554
Property tax
$413
Heat allowance
$150
Housing costs
$6,117 / mo

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

Down payment20% · $217,000
25-yr amortization

Income needed

$188,000

gross annual household income

Payment at 4%
$4,566 / mo
Cash down
$217,000

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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