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New4 days ago

158 Ellwood Drive W

Bolton West, Caledon

$899,000

Detached|Bungalow
3 | 2 | 9
About this home

Excellent Opportunity on Bolton's South Hill! This fully renovated 3+2-bedroom Bungalow with in-law potential is meticulously maintained inside and out. What a perfect start for a first-time buyer that could generate an income downstairs to help with their mortgage or investor, because there is nothing left to do here. Great detail and quality went into all the renovations, from 5 1/2 " wide maple 3/4" hardwood floors thru/out the main floor, smooth ceilings with pot lights, upgraded trim and moldings. New maple kitchen with granite counters, gas stove and stainless-steel appliances. 3 good sized bedrooms with generous closets. Updated 4pc bathroom and all freshly painted. Self contained 2-bedroom basement apartment with ceramics and fresh kitchen with quartz counters. Gorgeous private manicured backyard with 16 x 30 covered patio and fully fenced. Beautifully landscaped, interlock walkways and patio surrounding the house. The huge bonus is the 16 x 32 detached garage/workshop with its own high efficiency furnace and 60-amp service. It is all spray foam insulated and has epoxy floors, Any man's Dream! Newly paved Double Car Driveway (2026) with parking for 7 cars. Enjoy the convenience of being within walking distance to shopping, restaurants, schools, and parks with easy access to major highways for commuters. A great combination of location, income potential, updates and opportunity. This one you won't want to miss!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,332
Lot Size65 ft x 100 ft
mls© NumberW13844592
Listed ByCOLDWELL BANKER SELECT REAL ESTATE

Listing History

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  • 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%
$4,601
Property tax
$361
Heat allowance
$150
Housing costs
$5,112 / mo

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

Down payment20% · $179,800
25-yr amortization

Income needed

$157,000

gross annual household income

Payment at 4%
$3,783 / mo
Cash down
$179,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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