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Aurora Heights, Aurora
$989,000
Bright detached 2-storey 4-bedroom home with a separate entrance 1-bedroom basement apartment, offering excellent potential for additional rental income. Situated on an exceptional 131-foot-deep premium lot in the highly sought-after Aurora Heights community.The main floor features a welcoming front deck, spacious family room, large living room, and an updated kitchen with stainless steel appliances and a large window overlooking the backyard. The main-floor bedroom includes a bathroom with a Jacuzzi tub, providing convenient main-floor living for occupants with mobility needs. Large picture windows throughout the home provide an abundance of natural light.The income-generating basement apartment features 1 bedroom, a 3-piece bathroom, and a full kitchen, making it ideal for additional income or extended family living.The extended driveway provides ample parking for 6+ vehicles with no sidewalk, offering exceptional convenience. Whether you're looking to add your personal touch and customize the home or continue operating it as a turnkey investment property, this property offers excellent flexibility, with the lower level currently tenanted. Conveniently located close to highly rated schools, shopping, transit, parks, Yonge Street, and more.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,293 |
| Lot Size | 47.24 ft x 131.16 ft |
| mls© Number | N13162392 |
| Listed By | RE/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%
- $5,062
- Property tax
- $441
- Heat allowance
- $150
- Housing costs
- $5,653 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$174,000
gross annual household income
- Payment at 4%
- $4,162 / mo
- Cash down
- $197,800
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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