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Price Change$579,900

278 Elgin Crescent

Stratford, Stratford

$530,000

Detached|Bungalow-Raised
2 | 2 | 3
About this home

This well-maintained raised bungalow is nestled in a mature neighbourhood near the splash pad park, playground, and Anne Hathaway School. The spacious main floor features two bedrooms, while the lower level offers two more bedrooms with large windows. A spacious recreation room, full bathroom, and walk-out entrance make this ideal for a multi-generational home or income potential. The lovely backyard, partially fenced and featuring a large shed, adds to its charm. This home has been loved by the same family for 48 years and is ready for the next owners to make it their own. Quick closing is possible.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,280
Lot Size57 ft x 112 ft
mls© NumberX13702542
Listed ByRoyal LePage Hiller Realty

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,713
Property tax
$357
Heat allowance
$150
Housing costs
$3,219 / mo

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

Down payment20% · $106,000
25-yr amortization

Income needed

$99,000

gross annual household income

Payment at 4%
$2,230 / mo
Cash down
$106,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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