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Price Change$784,000

104 Viewmount Drive

7302 - Meadowlands/Crestview, Meadowlands - Crestview and Area

$724,900

Detached|Bungalow
6 | 2 | 4
About this home

Exceptional investment opportunity with strong existing income and a legal Secondary Dwelling Unit (SDU)! Welcome to 104 Viewmount Drive, a well-maintained bungalow situated on an oversized lot in a convenient central location. Currently generating $4,190.06 per month in rental income & with a CAP rate of 6%, this turnkey property offers immediate cash flow with excellent long-term upside.The main floor unit features a bright and spacious layout with a large living room highlighted by an oversized picture window, an adjoining dining area with patio doors leading to the backyard deck, and a functional kitchen with ample cabinetry and workspace. Three generously sized bedrooms, a full bathroom, and in-unit laundry complete the upper level.The fully finished lower-level legal SDU offers a separate entrance through a ground-floor mudroom and features an open-concept kitchen, dining and living area, three bedrooms, a full bathroom, and separate laundry. The flexible layout makes this property ideal for investors, multi-generational families, or owner-occupants looking to offset their mortgage with rental income. A major benefit for investors is the separate hydro metering, with tenants responsible for their own hydro costs. The upper unit also pays its own natural gas heating, helping keep operating expenses low and maximizing net income.Outside, you'll find a wide driveway, attached garage, attractive curb appeal, and a large lot with ample outdoor space. The oversized lot also presents future development or expansion potential, subject to municipal approvals.Whether you're looking to add a cash-flowing asset to your portfolio, live in one unit while renting the other, or secure a versatile multi-generational property, this property delivers exceptional value. Conveniently located close to schools, parks, shopping, public transit, and everyday amenities.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,215
Lot Size114.21 ft x 103.98 ft
mls© NumberX13428616
Listed ByROYAL LEPAGE INTEGRITY REALTY

Listing History

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

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,710
Property tax
$435
Heat allowance
$150
Housing costs
$4,295 / mo

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

Down payment20% · $144,980
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$3,050 / mo
Cash down
$144,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

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