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Oakwood Village, Toronto
$719,000
Tucked quietly behind the best stretch of Oakwood Village, this detached 20.5 x 105 ft lot is the ultimate blank canvas with huge potential. Plus, the property features legal front pad parking, a major asset for any future plans. With a footprint ready for a complete reimagining, the property is anchored by a highly functional location - situated within the desirable Rawlinson school district and just steps from a fantastic local stretch of Oakwood Avenue, giving you easy access to community favorites like Primrose Bagels, Oakwood Espresso, and Porzia's Lasagna. You're also just minutes from St. Clair West, the Cedarvale Ravine, and fantastic community schools. Don't miss the chance to plant roots in this vibrant, community-oriented neighborhood and renovate or build the dream home you've been looking for.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,680
- Property tax
- $375
- Heat allowance
- $150
- Housing costs
- $4,206 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$129,000
gross annual household income
- Payment at 4%
- $3,026 / mo
- Cash down
- $143,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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