$499,900

Residential · MLS® A2283562
5Bedrooms
3Bathrooms
1,192Sq Ft
2Garage
1967Year Built
02 / Overview

PROPERTY OVERVIEW

Opportunity knocks again in Forest Lawn with this exceptionally spacious bungalow, complete with a fully LEGAL basement suite and located on a generous 50' x 127' R-CG lot—zoned R-CG even before the city’s blanket rezoning initiative. This property offers a rare combination of size, upgraded features, income potential, and long-term redevelopment value. BASEMENT ACCESS FROM THE BACK AND THERE IS A SEPARATE ENTRANCE FOR THE BASEMENT IN THE FRONT OF THE HOME AS WELL!

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03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,192 sq ft
Lot Size6,350 sq ft
ZoningR-CG
HeatingForced Air
CoolingNone
ParkingOff Street
ExteriorPrivate Yard
BasementFull
Year Built1967
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$121After mortgage & expenses
Cap Rate4.8%Based on market rents
Cash on Cash Return1.4%With 20% down payment
Est. Monthly Rent$2,336Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FOREST LAWN

Moderate Investment
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Investment Score65/100
Avg Home Price$573K
Active Listings32
Listed by Gurpreet Ghuttora · Real Broker