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New2 hours ago

429 Gilbert Avenue

Caledonia-Fairbank, Toronto

$799,000

Detached|Bungalow
2 | 2 | 2
About this home

An Incredible Opportunity on a Generous 25 x 142 Ft Lot in a Family-Friendly Toronto Neighbourhood! This beautifully updated, fully detached home offers the perfect combination of modern living, income potential and exciting future development possibilities! See report highlighting the potential for a 2-storey garden suite of up to 1,291 sq. ft., conversion of the existing home into multiple units, or a new multiplex development with potential for up to 6 units. Whether you're looking to live in, rent out, expand or build, the possibilities are impressive! Step inside to a bright, open-concept layout featuring modern finishes and a functional design with virtually no wasted space. A main-floor laundry hookup adds even more flexibility. Let's not forget the finished basement featuring a separate entrance, additional bedroom, kitchen, living space, bathroom and its own laundry. Outside, enjoy an expansive backyard with plenty of room for entertaining, summer BBQs, gardening, family activities or exploring future development opportunities. Covered carport parking adds everyday convenience. Located on a quiet, family-friendly street just steps to the Eglinton LRT, Bert Robinson Park, schools, shopping and amenities. A rare opportunity to enjoy a move-in-ready detached home today while exploring the potential of this impressive lot for tomorrow! Report available for review, Buyers to conduct their own due diligence.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,193
Lot Size25 ft x 142 ft
mls© NumberW14122536
Listed ByRE/MAX PROFESSIONALS 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%
$4,090
Property tax
$349
Heat allowance
$150
Housing costs
$4,589 / mo

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

Down payment20% · $159,800
25-yr amortization

Income needed

$141,000

gross annual household income

Payment at 4%
$3,362 / mo
Cash down
$159,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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