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Listed 10 days ago

291 Morningside Avenue

West Hill, Toronto

$949,000

Detached|Bungalow
2 | 1 | 5
About this home

A Rare Find - Immaculately Maintained Residence with Residential Zoning!Pride of ownership is evident throughout this exceptionally well-kept property. Offering a unique blend of residential zoning (CR, RD, f13.5;a557*471) per MPAC, this is a truly versatile and valuable opportunity in a rapidly evolving neighbourhood.The home and all major systems, including the roof and mechanics, are in excellent, up-to-date condition. The lot is fully fenced for added privacy and features two newer garages, both built with permits. These spaces are ideal for a handyman, car enthusiast, collector, or simply for additional storage.Situated on a generous lot, the property also holds potential for a Garden Suite, offering an opportunity for added income or multi-generational living.This turnkey property presents incredible long-term investment potential as the area continues to transform. Don't miss this rare opportunity to secure a multi-use property with strong future upside!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,816
Lot Size50 ft x 181 ft
mls© NumberE13826464
Listed ByFENGHILL REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,857
Property tax
$235
Heat allowance
$150
Housing costs
$5,242 / mo

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

Down payment20% · $189,800
25-yr amortization

Income needed

$161,000

gross annual household income

Payment at 4%
$3,994 / mo
Cash down
$189,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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