454 Rimilton Avenue, Toronto W06

$1,089,000
454 Rimilton Avenue

$1,089,000

New
2d
DetachedBungalow

454 Rimilton Avenue, Toronto W06

Total Monthly Obligation $5,183

Beds
4
Baths
2
Park
1
Sqft
1100-1500
DOM
2d
Score
16
Yield
3.4%
Cash on Cash
-8.6%
Cap Rate
2.7%
5Y IRR
8.8%
10Y IRR
9.3%
Property Type-Detached
MLS® Number-W14102734
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-45 × 130 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,979.84 (2026)
Parking-2 - Attached
Basement-Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-30/60/TBA
Neighbourhood-Alderwood
Title-Residential Freehold

No agent assigned

This intriguing, solid brick bungalow is a true treasure with loads of potential! Renovate, top up, split/sever the lot, build new, or simply move-in and enjoy! Ideally situated on a WIDE 45 x 130 ft corner lot on postcard-pretty, tree-lined street in family-friendly Alderwood, this spacious 3+1-bedroom home has been lovingly owned by the same family for over 70 years! Uniquely positioned on a corner, the property offers welcoming front and side entrances from both Rimilton and Hallmark Ave. The freshly painted main floor offers 1,196 sq ft (per MPAC), plus an additional 1,129 sq ft in the unfinished lower level (per floor plans). Decorated in Benjamin Moore's trendy 'Dune White', the main floor feels bright and inviting. Updated lighting complements the solid oak hardwood floors, recently refinished in 'Special Walnut'. The spacious living/dining room features a large south-facing window that floods the space with natural light. The generously sized kitchen offers abundant cabinetry, a floor-to-ceiling pantry, ceramic backsplash and built-in desk. Two west-facing windows overlook the side yard, filling the kitchen with warm afternoon light and spectacular sunset hues. Three good-sized main-floor bedrooms feature fresh paint and beautifully refinished hardwood floors. The high, unspoiled basement awaits your personal touch, offering excellent potential for additional family living space or future income opportunities ($$$)! Outside, enjoy an enormous, pool-sized 45 x 130 ft lot with private drive, attached garage and lush green backyard-perfect for relaxing in the afternoon sunshine or entertaining family & friends. The location is exceptional! Steps to local parks and schools, and a short walk to French immersion, scenic hiking/biking trails, Farm Boy and Long Branch GO Station. A short drive to local shopping, big-box stores and Sherway Gardens, with easy access to highways and the airport. A fantastic opportunity in much-loved East Alderwood! See attached survey.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$871,200
Land Transfer Taxes$18,255
Legal Fees (Est.)
$
Total cash required for closing$237,555

Total Monthly Obligation

$5,183/mo
Mortgage $4,393
Monthly Loss $4,027
Principal$1,156
Interest$3,237
Property Tax$415
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.0%14
10-Year IRR
7.5%
Returns Index
8.4/ 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
$37,356/yr
NOI
$24,141/yr
Net Cash Flow
-$2,381/mo
Cash Margin
-76.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
17.1/ 100

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

Comparables

Properties near 454 Rimilton Avenue

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