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Dovercourt-Wallace Emerson-Junction, Toronto
$1,198,800
A Remarkable & Renovated Bungalow On A Rare, Oversized Lot! Meticulously Maintained, Light-Filled Rooms & An Upgraded Kitchen With Stainless Steel Appliances And Built-In Oven. Generously Sized Bedrooms With Ample Storage Will Make Your Everyday Living Effortless. Newer Mechanicals Including Plumbing, Electrical, Heating & Drains Giving You Peace Of Mind. The Lower Level Impresses With 8 Foot High Ceilings, A Wet Bar, A Bedroom With 4-Piece Ensuite And Walk-In Closet & Two Separate Entrances Creating The Possibility Of An In-Law Suite. A Sunny Entertainer's Backyard, A Large Gated Private Drive, And Laneway Access To A Massive 26 Foot Wide x 20 Foot Deep Garage. Bonus Potential For An Approx 1394 Sq Ft Laneway House (Report Available). Just Steps To Geary Ave's Buzzing Restaurant Strip, With Morning Espresso At Dark Horse, Craft Cocktails And Burgers At The Greater Good, Parallel's Inventive Dining & So Much More. Take A Short Stroll To Corso Italia For Authentic Trattorias, Gelaterias, Bakeries And Patios. Soon You'll Be Able To Enjoy The New Wallace Emerson Community Centre That Is Being Built With Almost 90,000 Sq Ft Of Amenities And Offerings Right In Your Neighbourhood!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,136
- Property tax
- $471
- Heat allowance
- $150
- Housing costs
- $6,757 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$208,000
gross annual household income
- Payment at 4%
- $5,045 / mo
- Cash down
- $239,760
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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