195 Scarborough Road
The Beaches, Toronto
$1,499,000
Situated south of Kingston Road in the highly sought-after Malvern and Balmy Beach school districts, this is a rare opportunity to own a premium 50-foot lot on one of The Beach's most coveted streets. Build your dream home or explore the potential to sever the property into two 25-foot lots and build two homes. Just one block from the shops, cafés and amenities of Kingston Road Village and TTC transit, and a short stroll to Queen Street, the beach and boardwalk. An exceptional opportunity in an unbeatable location!
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,673
- Property tax
- $694
- Heat allowance
- $150
- Housing costs
- $8,517 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$262,000
gross annual household income
- Payment at 4%
- $6,308 / mo
- Cash down
- $299,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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