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Birchcliffe-Cliffside, Toronto
$999,000
Welcome to 78 South Edgely Avenue in Scarborough! This spacious two-storey home offers 3+2 bedrooms and a functional layout, making it an excellent choice for families, investors, or buyers looking for additional living space and income potential.The main and upper levels feature three well-sized bedrooms, comfortable living areas, and plenty of natural light. The finished basement offers a separate 2-bedroom apartment with its own private entrance, ideal for extended family, an in-law suite, or potential rental income. The basement may offer approximately $1,800-$2,000 per month in rental income, subject to market conditions and buyer verification.The home is equipped with a 200-amp electrical panel and also offers an outdoor EV charger option, providing added convenience for electric vehicle owners and future-ready functionality.Conveniently located in an established Scarborough neighbourhood close to schools, parks, shopping, public transit, and everyday amenities, this property offers a great combination of comfort, flexibility, and investment potential.A wonderful opportunity to own a versatile home in a convenient Toronto location!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,929 |
| Lot Size | 25 ft x 118.41 ft |
| mls© Number | E13835680 |
| Listed By | CENTURY 21 LEADING EDGE REALTY 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%
- $5,113
- Property tax
- $327
- Heat allowance
- $150
- Housing costs
- $5,591 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$172,000
gross annual household income
- Payment at 4%
- $4,204 / mo
- Cash down
- $199,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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Comparable sales
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