5416 Joyce Street

General property description

36X105 LOT WITH MANY POSSIBILITIES AND A VERY UNIQUE ZONING RM-10 WHICH ALLOWS BUILDING OF A TRIPLEX WITH .90 FLOOR TO SPACE RATIO OR 2 HALF DUPLEXES WITH LOCK-OFF SUITES WITH .75 FLOOR TO SPACE RATIO, UNDER THE JOYCE-COLLINGWOOD STATION PRECINCT PLAN WITH ONLY 5 LOTS IN THE BLOCK, ALLOWED TO BUILD A 6 STORIES RENTAL BUILDING WITH 2.4 FLOOR TO SPACE RATIO WITH A MINIMUM OF 3 LOTS ASSEMBLY OR 2.6 FLOOR TO SPACE RATIO WITH A MINIMUM OF 4 LOTS ASSEMBLY, UNDER THE TRANSIT ORIENTED AREA TIER-3 ALLOWED TO BUILD AN 8 STORIES RENTAL BUILDING WITH A 3.0 FLOOR TO SPACE RATIO WITH OTHER LOTS ASSEMBLY. WALK TO RESTAURANTS, SHOPS, PARK, SCHOOL, TRANSPORTATION & THE JOYCE SKYTRAIN STATION. A GREAT INVESTMENT!!!

Mortgage estimate

Tax from listing

Est. monthly total

$7,586

/mo

Rate

%

​

Amortization

25 yr30 yr

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Principal and interest

$6,823

Property tax

$613

P&I

Tax

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $295,000 down (20%) on $1,475,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.