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New2 hours ago

478 Logan Avenue

South Riverdale, Toronto

$649,000

Detached|Bungalow
2 | 2 | 2
About this home

Welcome to 478 Logan Avenue! A detached 2-bedroom bungalow situated on a 25 x 100 ft lot with convenient 2-car lane parking. A rare opportunity in a highly desirable South Riverdale location, this property offers the perfect combination of comfortable living today and exciting possibilities for tomorrow. The main floor offers two bedrooms and a functional bungalow layout, while the spacious lower level features a 2-bedroom basement apartment with ceilings over 7 feet, providing excellent additional living space and income potential. Looking to build? The property offers tremendous future potential to build up and create a larger family home, explore the possibility of a future 3-unit dwelling, or investigate the potential for a laneway house. And then there is the location. Step outside and enjoy everything that makes Riverdale and Toronto's east end so special. Gerrard St east is steps away for easy access to Downtown and enjoy it's many stores and restaurants, the Danforth and the vibrant Riverdale community are all close by, along with excellent TTC access. Enjoy weekends at nearby Withrow Park and Riverdale Park, take in the spectacular city views from Riverdale Park East, browse the local farmers' markets, or explore the many neighbourhood shops and restaurants that make this one of Toronto's most sought-after communities. Whether you're looking for a detached home in an incredible neighbourhood, an income-producing property, or a home with significant future development potential, 478 Logan Avenue is an opportunity worth exploring.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$4,894
Lot Size25 ft x 100 ft
mls© NumberE13863952
Listed ByRE/MAX HALLMARK REALTY LTD.

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%
$3,322
Property tax
$408
Heat allowance
$150
Housing costs
$3,880 / mo

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

Down payment20% · $129,800
25-yr amortization

Income needed

$119,000

gross annual household income

Payment at 4%
$2,731 / mo
Cash down
$129,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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