621B&C The Queensway N/A
Stonegate-Queensway, Toronto
$1,950,000
Rare Opportunity To Own A Commercial Storefront With A Very Spacious 3-Bedroom Apartment Above! The Upstairs Residential Tenant Is On A Month-To-Month Tenancy. The Main-Floor Commercial Lease Is Expiring Soon, Offering Potential For An End-User Or Owner-Operator, While The Existing Tenant May Be Willing To Stay. The Upper Level PERMIT APPROVED for A Live/Work Space, Or Two Residential Units, Subject To Applicable Zoning And Required Municipal Approvals. An Excellent Opportunity For Investment, Own Use, Or A Potential Business Transfer. Seller May Consider A Vendor Take-Back Mortgage (VTB), Subject To Buyer Qualification And Mutually Acceptable Terms.
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| Type | Att/Row/Townhouse |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $8,361 |
| Lot Size | 18.04 ft x 82.55 ft |
| mls© Number | W13861366 |
| Listed By | RE/MAX IMPERIAL REALTY 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%
- $9,981
- Property tax
- $697
- Heat allowance
- $150
- Housing costs
- $10,828 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$333,000
gross annual household income
- Payment at 4%
- $8,206 / mo
- Cash down
- $390,000
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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