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Listed 21 days ago

54 Westbrook Avenue

Woodbine-Lumsden, Toronto

$649,000

Detached|Bungalow
3 | 2 | 0
About this home

Attention Builders, Investors & End Users! Exceptional opportunity in the sought-after Woodbine-Lumsden neighbourhood to build a custom home on a 25 x 100 ft lot. Much of the groundwork is already complete, including Committee of Adjustment approvals, architectural plans and drawings, and a comprehensive permit package substantially advanced toward final issuance. The proposed plans feature an impressive approximately 2,000 sq. ft. two-storey detached home plus a finished lower level, offering 4 bedrooms, a garage, and a thoughtfully designed layout for modern family living. An outstanding opportunity for a builder to take over an advanced project or for an end user to create a personalized custom home without starting the lengthy design and approvals process from scratch. Situated on a quiet residential street in an established East York neighbourhood, close to the Danforth, TTC subway, parks, schools, shops, restaurants and everyday amenities. Plans, Committee of Adjustment approvals and permit package available for review. A rare opportunity to move a custom-build project significantly forward in a highly desirable Toronto location.... Complete Plans, Approvals & Permit package include with the sale.... Flexible closing

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,087
Lot Size25 ft x 100 ft
mls© NumberE13852006
Listed ByRE/MAX CROSSROADS REALTY INC.

Listing History

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

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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
$341
Heat allowance
$150
Housing costs
$3,812 / mo

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

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

Income needed

$117,000

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

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