308 Morrish Road
Highland Creek, Toronto
$999,000
A rare development opportunity! Excellently located near the University of Toronto Scarborough Campus and Centennial College. This sizable lot measures 50' 289'.Municipal consent has been obtained to subdivide the land into two individual 50' 140' lots. Each lot boasts strong rental potential and qualifies for redevelopment with two residential dwellings. For full particulars, kindly reach out to the listing broker. Truly an exceptional land parcel.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,351 |
| Lot Size | 50 ft x 289 ft |
| mls© Number | E13874654 |
| Listed By | HOMELIFE LANDMARK REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,113
- Property tax
- $363
- Heat allowance
- $150
- Housing costs
- $5,626 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$173,000
gross annual household income
- Payment at 4%
- $4,204 / mo
- Cash down
- $199,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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