6244 Kingston Road
Centennial Scarborough, Toronto
$2,200,000
Great Rental Apt Development Opportunity In The Dynamic Highland Creek Community! We Sell W ZAP in your hand to create 20 Rental unit . Zoning certificate included in the price. Get the permit and have 90% construction loan From CMHC(Some condition Applies).At the final after occupancy you can have mortgage from CMHC with less than the market rate and be owner with $ 0 on the property. Great investment property. The Pac meeting with city on Nov18 has been done.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,686 |
| Lot Size | 113.13 ft x 250.87 ft |
| mls© Number | E12969192 |
| Listed By | RE/MAX REALTRON REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $11,261
- Property tax
- $474
- Heat allowance
- $150
- Housing costs
- $11,884 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$366,000
gross annual household income
- Payment at 4%
- $9,258 / mo
- Cash down
- $440,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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