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Listed 9 days ago

30 Melchior Drive

West Hill, Toronto

$950,000

Detached|Bungaloft
3 | 4 | 3
About this home

Welcome to this beautifully renovated 3+3 bedroom, 2+2 bathroom detached bungalow in the desirable West Hill community, conveniently located near Morningside Avenue and Lawrence Avenue East. This versatile property is an excellent opportunity for first-time homebuyers, multi-generational families, and investors alike. The home has been extensively upgraded, including: 200-amp electrical service, roof replaced in 2019, hot water tank replaced in 2022, furnace replaced in 2023, two separate laundry areas, one on the main floor and one in the basement, multiple kitchens and bathrooms providing excellent functionality and flexibility. Located in a convenient and well-connected neighbourhood, the property is close to schools, parks, recreation facilities, public transit, healthcare services, fire and police stations, shopping, and other everyday amenities. Whether you're looking for a comfortable family home with additional living space or an investment property with strong rental potential, this home is worth seeing in person. This could be the dream home or investment opportunity you've been waiting for!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungaloft
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,906
Lot Size50 ft x 101.58 ft
mls© NumberE13830568
Listed ByRE/MAX METROPOLIS REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$4,863
Property tax
$326
Heat allowance
$150
Housing costs
$5,338 / mo

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

Down payment20% · $190,000
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,998 / mo
Cash down
$190,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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