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Downsview-Roding-CFB, Toronto
$919,000
This well-maintained 3-bedroom detached bungalow features a 1.5-car garage and offers excellent potential for investors, extended families, or buyers looking to renovate and create their ideal home. The main floor features a well Maintained kitchen with ceramic flooring, a spacious rectangular living room combined with the dining area, and laminate flooring throughout. All three bedrooms also feature laminate flooring. A 4-piece bathroom completes the main level. The finished basement has a separate entrance and offers excellent potential for an in-law suite. It includes one bedroom, an updated 4-piece bathroom, an original 3-piece bathroom, an older kitchen, and ceramic flooring throughout. There are also two separate laundry rooms, providing added convenience and flexibility. Additional features include a cold room underneath the front porch and ample potential to customize the property to suit your needs. Buyer or Buyer's Agent to Verify All Measurements and Taxes. Seller and Agent Do Not Warrant Retrofit Status of Basement.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,704
- Property tax
- $344
- Heat allowance
- $150
- Housing costs
- $5,198 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$160,000
gross annual household income
- Payment at 4%
- $3,867 / mo
- Cash down
- $183,800
Assumes no other monthly debts · 25-yr amortization
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