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Investment signal

$1,388,000

87 BISHOP AVENUE

Beds

Baths

Sqft

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Year

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Location

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About this home

Welcome To 87 Bishop In The Highly Sought After Newtonbrook East Community, Just Minutes Walk to Finch Subway Station, Detached Bungalow Renovated Top to Bottom, The Property Also Features A Separate Entrance Basement apartment With Kitchen & Bath, Above Ground Windows, Laundry for both floor , Ideal For Multi Families with Added Flexibility. A detached Garage, and a Thoughtfully Designed interlock driveway ddds Even More Convenience. Perfectly Situated With Easy Access To 401, TTC at doorstep, The Location Offers Unbeatable Connectivity Across The City, Excellent Investment Property, Rental Income Producing Property, Ideal for Investors, or Buyers Looking for Extra Rental Income to Help Pay the Mortg. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: Newtonbrook East
Common interest: Freehold
Lot dimensions: 50 x 120 FT
Bedrooms: 3 above grade, 2 below grade
Parking: 5 total
Stories: 1
Fireplace: Yes
On market: Apr 18, 2026
Status changed: Apr 18, 2026
Annual tax: $7,118.58
Zoning: Residential
Photos: 17
MLS#: C13016328
Area: TORONTO_(NEWTONBROOK_EAST)

Features and systems

Parking

Detached GarageGarage

Basement

Apartment in basementSeparate entranceN/AN/A

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

Laminate

Foundation

Concrete

Lot

Carpet Free

Utilities

SewerElectricityCable

Negative cash flow ~$2,661/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.50%

Cap rate

3.59%

GRM

16.6

Break-even rent

$9,751

Financing

Down payment$277,600

Loan amount$1,110,400

Mortgage$6,812/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$636

Insurance$80

Maintenance$1,157

CapEx reserve$578

Vacancy loss$348

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Newtonbrook East). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $6,812/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.