308 Morrish Road, Toronto E10

$999,000
308 Morrish Road

$999,000

New
16d
DetachedBungalow

308 Morrish Road, Toronto E10

Total Monthly Obligation $4,767

HausQ Valuation Report
Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
16d
Score
14
Yield
2.2%
Cash on Cash
-13.9%
Cap Rate
1.6%
5Y IRR
4.7%
10Y IRR
6.3%
Property Type-Detached
MLS® Number-E13874654
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-50 × 289 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,350.65 (2026)
Parking-3 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE LANDMARK REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Aluminum Siding, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-TBA
Neighbourhood-Highland Creek
Title-Residential Freehold

No agent assigned

A rare development opportunity! Excellently located near the University of Toronto Scarborough Campus and Centennial College. This sizable lot measures 50' 289'.Municipal consent has been obtained to subdivide the land into two individual 50' 140' lots. Each lot boasts strong rental potential and qualifies for redevelopment with two residential dwellings. For full particulars, kindly reach out to the listing broker. Truly an exceptional land parcel.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$799,200
Land Transfer Taxes$16,455
Legal Fees (Est.)
$
Total cash required for closing$217,755

Total Monthly Obligation

$4,767/mo
Mortgage $4,030
Monthly Loss $3,707
Principal$1,060
Interest$2,969
Property Tax$363
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.1%8
Cash-on-Cash
-17.3%0
5-Year IRR
2.1%5
10-Year IRR
4.6%
Returns Index
3.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$22,392/yr
NOI
$11,302/yr
Net Cash Flow
-$3,088/mo
Cash Margin
-165.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.232
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
17.3/ 100

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

Comparables

Properties near 308 Morrish 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.