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Listed 2 months ago

85 Tyler Street

Aurora Village, Aurora

$1,038,000

Detached|1 1/2 Storey
2 | 1 | 3
About this home

RARE OFFERING WITH ENDLESS POTENTIAL IN COVETED AURORA VILLAGE SURROUNDED BY LUXURY HOMES! Attention Builders, Developers and Visionaries! This is your chance to secure a 54 x 134.5 ft lot in the prestigious Aurora Village, surrounded by multi-million dollar homes on a picturesque tree-lined street. The existing 1 1/2 storey home invites creative redesign or the opportunity to build new, giving you the freedom to create a luxury residence that matches your vision. The backyard is flat, private and framed with mature hedges, and a newer east facing fence. This provides an ideal setting for outdoor living and custom landscaping. This property is zoned R3, permitting a detached dwelling and second suite dwelling, with potential for a third suite. Significant sewer infrastructure improvements were recently completed in preparation for future construction, and a new topographical survey is available to help guide future plans. Recent tear-downs and custom builds on Tyler Street and in the surrounding area have proven strong market demand and premium sale values. All of this is minutes to top-rated schools including St. Andrew's College, the Aurora Cultural Centre, Town Park, the library, boutique shopping, vibrant dining and GO Transit. This rare property offers the lifestyle, location and limitless potential to make your mark in one of Aurora's most admired neighbourhoods.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,556
Lot Size54 ft x 134.5 ft
mls© NumberN13447026
Listed ByRE/MAX HALLMARK PEGGY HILL GROUP REALTY

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$5,313
Property tax
$463
Heat allowance
$150
Housing costs
$5,926 / mo

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

Down payment20% · $207,600
25-yr amortization

Income needed

$182,000

gross annual household income

Payment at 4%
$4,368 / mo
Cash down
$207,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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