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Listed 14 days ago

74 Cannon Road

Stonegate-Queensway, Toronto

$1,297,777

Detached|Bungalow
3 | 2 | 7
About this home

A Rare Opportunity in a Fantastic Location! Discover the incredible potential of this charming home, ideally situated in one of Toronto's most desirable and vibrant neighbourhoods, just minutes from the popular Bloor West Village, known for its boutique shops, excellent restaurants, cozy cafés, and wonderful community atmosphere. Offered for sale as part of an estate, this vacant property is easy to show, with offers welcome at any time. The home retains much of its original character, with some updates to the kitchen and bathroom. While it offers an excellent opportunity for renovation and modernization, it is also perfectly suitable for someone wishing to move in and make improvements over time. Adding to its appeal, the home features a finished basement with a separate entrance, offering excellent potential for rental income or extended family living. The generous lot may also accommodate a future garden suite, subject to municipal approvals, creating even more possibilities for homeowners and investors alike. The real attraction is the property's outstanding location and tremendous potential. Whether you're a first-time buyer, renovator, investor, or someone dreaming of creating a personalized home in an established neighbourhood, this property offers exciting possibilities. Enjoy the convenience of nearby shopping, dining, parks, and recreational amenities. Best of all, Lake Ontario and its beautiful waterfront walking and cycling promenade are approximately five minutes away by bicycle. Homes with this combination of location, lifestyle, and potential are increasingly difficult to find. Bring your imagination, explore the possibilities, and make this home your own!

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,211
Lot Size40 ft x 125 ft
mls© NumberW13879430
Listed BySUTTON GROUP QUANTUM 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%
$6,643
Property tax
$434
Heat allowance
$150
Housing costs
$7,227 / mo

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

Down payment20% · $259,555
25-yr amortization

Income needed

$222,000

gross annual household income

Payment at 4%
$5,461 / mo
Cash down
$259,555

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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