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New4 days ago

364 Dixon Boulevard

Central Newmarket, Newmarket

$859,900

Detached|Bungalow-Raised
3 | 2 | 6
About this home

Comfortable raised bungalow in the heart of Newmarket close to Yonge St. Loved by the same family for over 35 years, now ready for its next chapter. Recently refreshed with new carpet and painted throughout. Huge bonus is the Registered Accessory Residential Unit (ARU) in basement, which features level entry and a giant living room with fireplace. This registered apartment provides the flexibility for multigenerational living or allows for extra income to help with the mortgage. Newmarket's registered accessory units are designated with an 'N' in their address which allows for extra waste bags and most lenders will consider some of the basement income when qualifying the buyer. Double garage plus level double driveway that easily accommodates 4 cars. No sidewalk to shovel! Huge, sunny backyard with a cute wooden shed and a sauna that can be used as a 2nd shed. Walk out from the dining room to the beautiful yard with perennials and raspberry bushes around the perimeter of the fully fenced yard. Kitchen is original to the build, this is your opportunity to design your dream kitchen if you wish. The large open layout lends itself to family gatherings that create memories. Upsizing , downsizing, or right-sizing, this lovely home will fit your lifestyle.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,257
Lot Size50 ft x 110 ft
mls© NumberN13845018
Listed ByROYAL LEPAGE RCR REALTY

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$4,401
Property tax
$438
Heat allowance
$150
Housing costs
$4,989 / mo

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

Down payment20% · $171,980
25-yr amortization

Income needed

$154,000

gross annual household income

Payment at 4%
$3,619 / mo
Cash down
$171,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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