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Listed 11 days ago

274 Taylor Mills Drive N

Crosby, Richmond Hill

$948,000

Semi-Detached |2-Storey
3 | 2 | 6
About this home

Well-maintained home in a sought-after location with a flexible two-unit layout and strong rental income potential. The finished basement features a separate entrance, bedroom, washroom and kitchen, offering an opportunity for buyers seeking cash flow. The current owners have invested approximately $100k in renovations and improvements, including a newer roof, upgraded electrical panel, basement renovations and exterior improvements. Additional updates include the kitchen, washrooms, flooring, windows, doors, furnace, A/C, deck and shed roof. Walk out to a spacious deck overlooking the garden. Close to transit, the GO station, shopping and community amenities, with a direct bus to Finch Station. Bayview Secondary School's IB program and Crosby Heights Public School's gifted program are nearby.

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agent
Macallum Tepsich
(647) 326-2579
TypeSemi-Detached
Style2-Storey
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$4,317
Lot Size65 ft x 81 ft
mls© NumberN13819856
Listed ByRE/MAX EPIC REALTY

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$4,852
Property tax
$360
Heat allowance
$150
Housing costs
$5,362 / mo

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

Down payment20% · $189,600
25-yr amortization

Income needed

$165,000

gross annual household income

Payment at 4%
$3,989 / mo
Cash down
$189,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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