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25 Madelaine Avenue, Oakridge M1L 2X5

Price

$549,900

Bedrooms

2 Beds

Bathrooms

2 Baths

Size

< 700 sqft

Year Built

100+

Property Type

House

Property Taxes

$2903.23

Description

Exceptional investment and redevelopment opportunity! This detached 2-bedroom bungalow sits on a premium 25 x 113 ft lot on a quiet family-friendly cul-de-sac, directly facing a park and backing onto Oakridge Junior Public School. Just a short walk to Victoria Park Subway Station, this prime location offers outstanding convenience, strong rental demand, and excellent long-term appreciation potential. *Ideal for investors, builders, renovators, BRRRR enthusiasts, or end-users looking to build equity. The existing home is fully livable and mortgage-financeable, allowing you to move in, rent it out, or generate income while planning future improvements. Renovate, modernize, expand, or explore redevelopment possibilities to maximize the value of this desirable property. Unlike a condo, this is an opportunity to own valuable freehold land in an established neighbourhood where land continues to appreciate.The generous lot, transit-oriented location, nearby parks, schools, shopping, and everyday amenities make this a rare offering with multiple exit strategies. Whether your goal is to renovate for resale, build your dream home, hold as a long-term investment, or create a BRRRR project, this property offers exceptional flexibility.**** Conceptual design renderings are available for buyers as inspiration to showcase potential redevelopment ideas only. These images are provided for reference and do not represent approved plans or guarantee future development. Buyers are advised to conduct their own due diligence regarding zoning, permits, and building requirements.**** A rare opportunity to secure a detached home in one of Scarborough's most desirable transit-friendly communities with immediate livability and tremendous upside potential.

Sale history for

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$2,718 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$439,920

Total Interest Payments

$271,238

Total Payment (Principal + Interest)

$711,158

Get An Estimate On Selling Your House

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

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Meet Ken Matsumoto

Meet Ken Matsumoto

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

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