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Listed 16 days ago

1308 Rustic Drive

6304 - Parkway Park, Parkway Park - Queensway Terrace S and Area

$799,999

Detached|Bungalow
8 | 2 | 4
About this home

INVESTORS & LARGE FAMILIES! Fully renovated, this city-approved, legal secondary dwelling is an absolute dream. Boasting 8 bedrooms total, 4 upstairs and 4 in the lower level, this turnkey bungalow offers incredible rental returns or a beautiful, unified living space for a large multi-generational family. Located just minutes from Algonquin College, the 417 highway, and every amenity you could ever need, its premium location ensures high tenant demand and effortless commuting. Inside, no expense has been spared. The property features two stunning, sleek modern kitchens equipped to handle busy households, along with two fully renovated, contemporary bathrooms. Step outside to a massive, mostly fenced-in backyard that offers the perfect canvas for summer BBQs, family get-togethers, or a private retreat for tenants. With updated mechanicals and high-end finishes throughout, this city-certified property promises low-maintenance living and consistent value for years to come. Live in one unit and rent the other, host the entire family under one roof, or cash flow the ultimate student rental portfolio. This is a rare, high-yield opportunity in a prime central location. Book your private showing today before it's gone! 4 bedrooms and 1 kitchen above grade, 4 bedrooms and 1 kitchen below grade.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,728
Lot Size53 ft x 95 ft
mls© NumberX13868476
Listed ByBENNETT PROPERTY SHOP 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%
$4,095
Property tax
$477
Heat allowance
$150
Housing costs
$4,722 / mo

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

Down payment20% · $160,000
25-yr amortization

Income needed

$145,000

gross annual household income

Payment at 4%
$3,367 / mo
Cash down
$160,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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