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Banbury-Don Mills, Toronto
$1,399,000
***Spectacular Opportunity In Prime Banbury-Don Mills Location*** Perched Atop Duncairn Park This South Facing Lot Backs Onto The Don Mills Connector Trail. Almost 8,400 Square Feet Of Land, Original Owner Home That's Perfect For A Custom Build, Full Renovation Or Savvy Investor. Very Quiet Crescent, Fantastic Family Friendly Neighbourhood, Steps To TTC, Shops Of Don Mills, Parks & Schools. Rarely Do Oversized Premium Lots Become Available Backing Onto The Park. If you like Nature, This One's For You!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,161
- Property tax
- $720
- Heat allowance
- $150
- Housing costs
- $8,031 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$247,000
gross annual household income
- Payment at 4%
- $5,887 / mo
- Cash down
- $279,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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