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Listed 11 days ago

25 Cortland Avenue

Lawrence Park South, Toronto

$1,975,000

Detached|2-Storey
3 | 2 | 3
About this home

Set on a quiet street in Lawrence Park, this well-maintained home with a renovated kitchen and bathrooms offers generous living space and traditional character. The living and dining rooms feature classic mouldings and original gumwood door frames and casings. The kitchen includes stainless steel appliances, a gas stove and a walkout to a deck with a gas barbecue hookup. Renovated in 2017, the basement features heated floors throughout, built-in cabinetry and a four-piece bathroom. A tankless hot water system and ductless air conditioning with two indoor units add everyday comfort. The home is steps from local shops, restaurants, the subway and the public library, with Chatsworth Ravine, Alexander Muir Memorial Gardens and the Lawrence Park Lawn Bowling and Croquet Club nearby. Area schools include John Ross Robertson Junior Public School, Glenview Senior Public School and Lawrence Park Collegiate Institute. Nearby independent schools include Havergal College, an established girls' school founded in 1894, and Toronto French School (TFS), which offers bilingual education in French and English through the IB continuum.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$8,371
Lot Size27.82 ft x 103.28 ft
mls© NumberC13818654
Listed BySOTHEBY'S INTERNATIONAL REALTY CANADA

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,109
Property tax
$698
Heat allowance
$150
Housing costs
$10,957 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $395,000
25-yr amortization

Income needed

$337,000

gross annual household income

Payment at 4%
$8,311 / mo
Cash down
$395,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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