



22 Runnymede Road
High Park-Swansea, Toronto
$1,375,000
Charming 2-bedroom home with ample 2-car parking for the area and a ravine-like backyard feel. An ideal opportunity for a family looking to renovate or rebuild, with complete, pre-approved plans for a 4-bedroom home ready to move forward - skip the year of red tape! Property is being sold as-is, where-is, without representations or warranties. The home is currently tenanted. The tenant will move out on Dec 31, 2026. Priced for the location and included plans package.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,038
- Property tax
- $575
- Heat allowance
- $150
- Housing costs
- $7,763 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$239,000
gross annual household income
- Payment at 4%
- $5,786 / mo
- Cash down
- $275,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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