17 Loney Avenue, Toronto W05

$998,000
17 Loney Avenue

$998,000

New
18d
DetachedBungalow

17 Loney Avenue, Toronto W05

Total Monthly Obligation $4,727

Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
18d
Score
16
Yield
3.3%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.2%
Property Type-Detached
MLS® Number-W13861650
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-50.17 × 116 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,913.28 (2026)
Parking-4 - Detached
Basement-Finished with Walk-Out, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX PROFESSIONALS INC.
Cooling-Central Air
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-60/90 TBA
Neighbourhood-Downsview-Roding-CFB
Title-Residential Freehold

No agent assigned

Rarely do you find renovations of this quality in a home under $1 Million! Set back in a quiet enclave of detached homes is 17 Loney Avenue, a 3 bedroom/2 bathroom home that has undergone substantial renovations over the last 6 years. The main floor was redone in late 2020 to create an open concept space perfect for raising a young family or entertaining; new hickory hardwood floors, pot lights; a new kitchen with updated plumbing, high quality wood cabinets, quartz countertops and built-in appliances; a new bathroom boasting Coeco concrete porcelain tiles and a large walk in shower; and wide-louver California shutters throughout. Downstairs is a large, open rec room with wet bar, a newer (2021) bathroom with the same Coeco tiles and another large walk in shower, and a separate laundry room with a stacked washer and dryer, new in 2025. There is an existing walk-out to the rear yard setting up a perfect opportunity to create an in-law suite or even a rental unit - the existing ceiling height is a generous 7'11. Outside, the rear deck was just updated with a weather resistant coating and re-built handrail and a new gazebo cover. The deck also boasts a gas hook up for easy bbq'ing! The fully fenced rear yard provides direct access to the double block garage and double private drive. Both the house and garage roofs were stripped and re-shingled in 2024 with new gutters and soffits added to the garage. New A/C and a new rental Hot Water Tank were added earlier this year. Loney Avenue is just a short stroll to two major transit corridors and offers easy access to highways 401, 400, and 427; as well as UP Express, and Weston GO. Close to Yorkdale Mall, Costco, grocery stores, schools, and several nearby parks. See attachments for full list of upgrades.

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$
%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$798,400
Land Transfer Taxes$16,435
Legal Fees (Est.)
$
Total cash required for closing$217,535

Total Monthly Obligation

$4,727/mo
Mortgage $4,026
Monthly Loss $3,667
Principal$1,059
Interest$2,966
Property Tax$326
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.4%0
5-Year IRR
5.8%14
10-Year IRR
7.3%
Returns Index
8.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$33,432/yr
NOI
$21,676/yr
Net Cash Flow
-$2,219/mo
Cash Margin
-79.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.0/ 100

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

Comparables

Properties near 17 Loney Avenue

Time

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