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Dovercourt-Wallace Emerson-Junction, Toronto
$999,999
Exceptional opportunity to own a beautifully refreshed freehold end-unit townhouse in Toronto's sought-after Dovercourt-Wallace Emerson-Junction neighbourhood! Offering 6 bedrooms, 3 full bathrooms and rare parking for up to 4 vehicles, this versatile property is ideal for multi-generational living, co-buyers or buyers looking to offset their mortgage with additional rental income potential. Freshly painted throughout, the home features spacious living and dining areas, an oversized kitchen, a convenient main-floor bedroom and bright laundry room. The upper level offers 3 generously sized bedrooms and a full bathroom. The lower level features a separate entrance, 2 additional rooms, its own full kitchen and a full bathroom with an oversized soaker tub, offering excellent flexibility for extended family or a potential supplementary income stream. Enjoy a 6-ft fenced side yard with mature landscaping, perennial gardens, convenient access from the home and a natural gas BBQ hookup. Parking includes a detached garage and additional parking behind the home, accommodating up to 4 vehicles. Ideally situated directly across from Wallace Emerson Community Centre, with TTC at your doorstep and steps to parks, schools, shopping and restaurants. Whether you're looking to accommodate multiple generations, share ownership or explore income potential, this property offers exceptional space, flexibility and convenience in the heart of Toronto!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,118
- Property tax
- $333
- Heat allowance
- $150
- Housing costs
- $5,602 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$172,000
gross annual household income
- Payment at 4%
- $4,208 / mo
- Cash down
- $200,000
Assumes no other monthly debts · 25-yr amortization
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