16 McCowan Road, Toronto E08

$939,900
16 McCowan Road

$939,900

New
9d
DetachedBungalow

16 McCowan Road, Toronto E08

Total Monthly Obligation $4,516

Beds
5
Baths
4
Park
4
Sqft
700-1100
DOM
9d
Score
17
Yield
3.9%
Cash on Cash
-6.8%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-E14031220
Beds-5
Bathrooms-4
Size-700-1100 sqft
Lot Size-50 × 130 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,197.19 (2026)
Parking-6 - Carport
Basement-Apartment, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 LEADING EDGE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-Cliffcrest
Title-Residential Freehold

No agent assigned

Discover an exceptional opportunity in the highly desirable Cliffcrest neighbourhood! This beautifully updated home offers the perfect combination of style, functionality, and income potential. Step inside to a warm and inviting main floor featuring a cozy wood-burning fireplace, perfect for relaxing evenings with family and friends. Outside, escape to your own private backyard complete with mature fruit trees-ideal for entertaining or simply enjoying peaceful outdoor living. The oversized double car carport provides abundant parking and exceptional storage space. Thoughtful upgrades include basement waterproofing, added insulation for improved energy efficiency, a new front door, and a new concrete side pathway leading to the backyard. The fully renovated lower level is a standout feature, offering a separate entrance, a stunning modern kitchen with new appliances, two beautifully renovated ensuite washrooms, a new furnace, and a new washer and dryer. Whether you're accommodating extended family, creating the ultimate teen retreat, or exploring the potential for supplemental rental income, this flexible space offers endless possibilities. The main floor kitchen has also been refreshed with new appliances, making this home truly move-in ready. Enjoy an unbeatable lifestyle just a short walk to Cliffcrest Plaza with Shoppers Drug Mart, No Frills, LCBO, banks, a bakery, restaurants, and other everyday conveniences. Families will appreciate the excellent nearby schools, including R.H. King Collegiate Institute, St. Agatha Catholic School (French Immersion), and H.A. Halbert Public School. Commuters will love the easy access to TTC and Eglinton GO Station, while nearby parks and green spaces complete this outstanding location. A rare opportunity to own a beautifully updated home in one of Scarborough's most sought-after family neighbourhoods-this is one you won't want to miss!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$751,920
Land Transfer Taxes$15,273
Legal Fees (Est.)
$
Total cash required for closing$204,753

Total Monthly Obligation

$4,516/mo
Mortgage $3,791
Monthly Loss $3,518
Principal$998
Interest$2,794
Property Tax$350
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
10.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,204/yr
NOI
$23,886/yr
Net Cash Flow
-$1,801/mo
Cash Margin
-59.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
19.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 16 McCowan Road

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.