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Moss Park, Toronto
$1,229,000
This charming Edwardian is an ideal house for the smaller family or a couple who love to entertain. The ground floor is large and wide and has great flow - ideal for 40 friends! The rear walkout leads to a deep west facing garden with multiple seating areas. The house is light and airy with large windows and multiple skylights. The modern kitchen has an adjacent breakfast nook that walks-out to the garden. Upstairs the spacious primary has a cathedral ceiling and double closets. The spa-like main bath has a skylight; a clawfoot soaker tub and a huge separate shower. The charming 2nd bedroom has a walk-out to a west facing deck nestled under a tree. Let's talk potential. This wide and deep lot can easily park 2 cars; 4 with tandem parking. There is potential for a double garage/laneway house. At the back is Milan Street. Half the block have severed half the lot and created new building lots on Milan. We checked. The City says its relatively easy with the many precedents nearby. All this in a great lower Cabbagetown location. Easy access to transit and all the best of downtown!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,291
- Property tax
- $572
- Heat allowance
- $150
- Housing costs
- $7,012 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$216,000
gross annual household income
- Payment at 4%
- $5,172 / mo
- Cash down
- $245,800
Assumes no other monthly debts · 25-yr amortization
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