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New3 hours ago

5 Mere Court

Victoria Village, Toronto

$850,000

Detached|Bungalow
3 | 1 | 4
About this home

Tucked away on a quiet court in Victoria Village. Homes on this court rarely become available because it's such an amazing place to live. This solid all-brick bungalow is being offered for the first time since 1960, and was lovingly maintained by the same family for over six decades. Sitting on a large lot with no neighbours behind. The main floor features hardwood floors throughout, and a separate side entrance leads to an unfinished basement with above-grade windows, offering great potential. With a private garage plus ample additional parking, this is a rare opportunity to put your own stamp on a well-loved family home in a peaceful, established setting.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,977
Lot Size45.57 ft x 109.47 ft
mls© NumberC13724058
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$4,351
Property tax
$498
Heat allowance
$150
Housing costs
$4,999 / mo

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

Down payment20% · $170,000
25-yr amortization

Income needed

$154,000

gross annual household income

Payment at 4%
$3,577 / mo
Cash down
$170,000

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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