Wexford-Maryvale detached bungalow on 175-ft lot with finished basement and separate entrance
Detached bungalow in Wexford-Maryvale with a finished basement, separate entrance, and second full bathroom on a deep 175-foot lot. Listed at $1,023,000, the property is a land-and-end-use play rather than a cash flow vehicle at current rent estimates.
Anatoli Chtcherbatov
Analyst · Sutton Group Admiral Realty
List price
$1,023,000
Cap rate
+0.34%
Est. monthly rent
$1,800
Source: comparables_widened
Est. net spread
+$235K
6mo hold
Annualized ROI
+46%
preliminary
The Deal
Detached bungalow in Wexford-Maryvale with a finished basement, separate entrance, and second full bathroom on a deep 175-foot lot.
Fix-and-flip projection
The spread, before the buy-and-hold math.
Preliminary · adjust scope & uplift
Renovation scope
Projection
Preliminary estimate. Renovation costs use 6Yield default per-sqft figures. Post-renovation value is modeled as a multiple of list price — replace with comparable post-renovation sales for higher precision. Carrying costs include property tax, condo fees if any, and insurance; financing costs not yet modeled.
Section · Buy-and-hold backup
If you held instead. The carrying math, side by side.
Each column shows the actual monthly cash flow and cash-on-cash return at that leverage. Click a column for the full breakdown.
Acquisition
| Down payment | $358,050 |
| Mortgage principal | $664,950 |
| Land transfer tax | $15,345 |
| Closing costs | $15,345 |
| Total acquisition | $388,740 |
Monthly cash flow
| Estimated rent | +$1,800 |
| Operating expenses | -$1,513 |
| Mortgage payment | -$3,883 |
| Net cash flow | -$3,596/mo |
Expense breakdown
| Property tax | $0/mo |
| Vacancy allowance | $90/mo |
| Maintenance reserve | $853/mo |
| Insurance | $426/mo |
| Property management | $144/mo |
Math by deterministic Python calculator. Rate 4.99% over 25 years. Rent source: comparables_widened (67 comps).
Breakeven
This property turns cash-flow positive at 95.2% down.
Run your own scenario
Move the assumptions. See the math live.
Live result
All figures are estimates only and do not constitute financial advice. The sliders use the same math as the locked five-scenario calculator; only assumptions change. Total acquisition includes the down payment, land transfer tax ($15,345), and closing costs ($15,345).
Section · Investment Thesis
Why this property.
This is a detached bungalow in Toronto's Wexford-Maryvale neighbourhood, listed at $1,023,000. The upper level offers nearly 1,100 sq ft of renovated living space, and the basement is fully finished with a separate entrance and a second full bathroom, supporting a potential two-unit configuration. The lot is 175 feet deep with no rear neighbours, which is a meaningful differentiator on a quiet crescent close to TTC service and Highways 401 and 404.
On the income side, the estimated monthly rent of $1,800 produces a gross annual rent of $21,600, an annual NOI of $3,447, and an estimated cap rate of 0.34%. These figures reflect a single-unit rental assumption; the separate-entrance basement could materially change underwriting if a second unit is legalized and tenanted, but that upside is not modeled in the fixed figures below.
Leverage sensitivity is high. At 20% down, the estimated monthly mortgage payment is $4,779.52 and estimated monthly cash flow is -$4,492.27 (cash-on-cash -22.91%). At 35% down, estimated monthly cash flow is -$3,596.11 (-11.10%). At 50% down, estimated monthly cash flow is -$2,699.95 (-5.98%). At 75% down, estimated monthly cash flow is -$1,206.35 (-1.81%). Only at 100% cash does the property turn positive, with estimated monthly cash flow of $287.25 and a cash-on-cash return of 0.33%. The minimum down payment for neutral-to-positive carry under the modeled rent is therefore 100% cash.
The investor case here is not current yield. It is land value on a deep lot in an established Toronto neighbourhood, optionality on a legal second unit via the existing separate entrance, and longer-horizon end-use or redevelopment value. Hold-period implications skew long: investors using leverage should expect to fund negative carry for an extended period, and the thesis depends on appreciation, rent growth, or unit conversion rather than in-place economics.
Key features
- Detached bungalow on a 175-foot deep lot with no rear neighbours
- Approximately 1,100 sq ft of renovated upper-level living space
- Fully finished basement with separate entrance and second full bathroom
- Detached garage and interlocked patio
- Quiet crescent location close to TTC, schools, and Highways 401/404
- Separate-entrance basement supports potential two-unit configuration subject to municipal approval
Original MLS description
Beautiful Detached Bungalow on a 175' deep lot with no neighbors in the back. Upstairs features nearly 1100 sq ft of renovated living space. The basement is fully finished with separate entrance and a second full bathroom. Backyard Has An Interlocked Patio, Detached Garage and a Tree Fort. Centrally Located On A Quiet Crescent. Close To TTC, Shopping, Schools & Highways 401/404. (42899048)
All photos
27 additional · click any to expand
Section · Neighborhood
Where it sits.
Wexford-Maryvale
Wexford-Maryvale is an established residential pocket in Scarborough bounded roughly by Lawrence, Victoria Park, Ellesmere, and Warden. The area is characterized by post-war bungalows on deep lots, which has driven steady infill and second-suite activity. TTC bus routes feed the Line 2 subway, and the property sits within reach of Highways 401 and 404, supporting commuter demand to both downtown Toronto and the 905.
Demand drivers include proximity to schools, shopping along Lawrence and Victoria Park, and the broader Scarborough transit investment cycle. Deep-lot detached product in this corridor tends to attract end-users and small-scale developers in addition to investors, which supports underlying land value but compresses going-in yields.
Section · Risk
What could go wrong.
Honest framing of unknowns, assumptions, and downside scenarios.
High leverage sensitivity: estimated monthly cash flow is negative in all four financed scenarios (20%, 35%, 50%, and 75% down) and only turns positive at 100% cash, at an estimated $287.25 per month.
Estimated cap rate of 0.34% and gross yield of 2.11% are well below typical investor underwriting thresholds; thesis depends on appreciation or unit-conversion upside, not in-place yield.
Listed sqft of 65 in the data feed appears to be a data entry artifact; raw description references nearly 1,100 sq ft on the upper level. Verify floor area independently.
Property tax shown as $0 in the financial inputs; buyer should verify actual municipal tax assessment, which will further reduce NOI when corrected.
Second-unit income is not modeled in the fixed financials; any basement rental requires verification of legal status and compliance with City of Toronto second-suite requirements.
No recent sold comparables provided; valuation confidence is limited.