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Listed 1 month ago

1197 Deer Park Road W

7201 - City View/Skyline/Fisher Heights/Parkwood Hills, Cityview - Parkwoods Hills - Rideau Shore

$774,900

Detached|Bungalow
5 | 2 | 8
About this home

REDUCED PRICE! New CM2 Zoning accommodates many new uses! Welcome to 1197 Deer Park Road! An ideal 5-Bedroom + DEN, Side-Split investment in Fisher Heights - Income & Future Potential. Welcome to this beautifully maintained 5-bedroom side-split home in the sought-after community of Fisher Heights, ideally situated on a premium 75 x 100 ft corner lot. Currently generating approximately $5,000/month in rental income, this property presents an exceptional opportunity for investors or homeowners seeking strong cash flow with long-term upside.The upper level features three spacious bedrooms and a beautifully updated bathrooms (2021, 2024). The bright, open-concept living and dining area is ideal for entertaining. A thoughtfully designed kitchen and mudroom addition (2020) includes updated electrical and insulation in the renovated section. Furnace replaced in 2020, AC replaced in 2022 .The lower level offers a fourth & fifth bedroom, providing flexibility for family living or rental configuration. The generous 75 x 100 ft lot offers excellent future development potential, making this a rare opportunity in a prime location. Steps to shopping, schools, public transit, a private tennis club across the street, and a nearby park. A versatile property offering strong income, comfortable living, and outstanding future potential. Hot water tank $29/month(approx)

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$5,277
Lot Size75 ft x 100 ft
mls© NumberX13766250
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%
$3,966
Property tax
$440
Heat allowance
$150
Housing costs
$4,556 / mo

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

Down payment20% · $154,980
25-yr amortization

Income needed

$140,000

gross annual household income

Payment at 4%
$3,261 / mo
Cash down
$154,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

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