248 Westwood Avenue, Toronto E03

$849,900
248 Westwood Avenue

$849,900

New
2d
DetachedBungalow

248 Westwood Avenue, Toronto E03

Total Monthly Obligation $4,226

Beds
4
Baths
2
Park
1
Sqft
700-1100
DOM
2d
Score
19
Yield
4.9%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-E14101172
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-25.03 × 110.14 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,067 (2025)
Parking-1 - Detached
Basement-Separate Entrance, Development Potential, Partially Finished
Heating-Radiant (Gas)
Brokerage-SUTTON GROUP-HERITAGE REALTY INC.
Cooling-Window Unit(s)
Laundry-No
Fireplace-Natural Gas, Wood
Pool-None
Facing-North
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible - Tba
Neighbourhood-Danforth Village-East York
Title-Residential Freehold

No agent assigned

Welcome To 248 Westwood Avenue, Ideally Located In A Prime Area of Danforth Village On One Of East York's Most Desirable Streets. Set On A 25-By-110-Foot Lot With A Detached Single-Car Garage, This Classic Bungalow Has Remained In The Same Family For All Of Its 85 Years And Is Now Ready For A New Chapter. It Offers Outstanding Potential For First-Time Buyers, Renovators, Contractors, And Skilled Handypersons In A Neighbourhood Known For High-End Renovations, Second Story Additions And New Builds. At 888 Square Feet, It Is One Of The Area's Largest Original Bungalow Layouts. The Main Floor Features Spacious Open-Concept Living And Dining Areas, An Updated Eat-In Kitchen, Two Bedrooms (Including The Primary Bedroom With A Walkout To The Backyard Deck) And A Four-Piece Bathroom With Whirlpool Tub. A Separate Side Entrance Leads To The Lower Level That Includes A Large Recreation Room With A Gas Fireplace, Another Four-Piece Bathroom With A Separate Shower And Large Double Whirlpool Tub, A Laundry Room, And Two Additional Rooms/Bedrooms. The Layout Offers Strong Potential For An In-Law Suite Or Separate Apartment. It's All About Location Location And This Home Has It, Just Two Blocks From The Future Ontario Line, Minutes To The DVP, Convenient Access To Downtown, Public Transit And The Vibrant Shops, Cafes, And Restaurants Along Pape Avenue And The Danforth. It Also Boasts An Excellent Walk Score, With Elementary, Middle & High Schools Near By, Four Parks And Numerous Recreation Facilities All Within A 20-Minute Walk, In A Neighbourhood That Continues To Appreciate In Value. Whether You Are Seeking Your First Detached Home, Downsizing Without Sacrificing Space, Planning To Personalize A Property Over Time, Or Looking For A Prime Lot And Home To Reimagine, 248 Westwood Avenue Is A Rare And Exciting Opportunity.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,226/mo
Mortgage $3,428
Monthly Loss $3,323
Principal$902
Interest$2,526
Property Tax$422
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
9.9%35
10-Year IRR
10.5%
Returns Index
18.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$41,676/yr
NOI
$27,941/yr
Net Cash Flow
-$1,100/mo
Cash Margin
-31.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
21.1/ 100

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

Comparables

Properties near 248 Westwood Avenue

Time

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