Listed 5 months ago
160 King Edward Avenue
Woodbine-Lumsden, Toronto
$699,900
Detached|Bungalow
2 | 2 | 2
About this home
***ATTENTION ALL BUILDERS AND INVESTORS*** Build or Renovate. Highly Desirable Neighbourhood of East York Featuring 2 Bedrooms And 2 Washrooms. Surrounded With Custom Homes Waiting For Investors. Permit Approved For A 2 Story Home.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,669 |
| Lot Size | 20 ft x 124.58 ft |
| mls© Number | E12952048 |
| Listed By | RE/MAX WEST REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,582
- Property tax
- $306
- Heat allowance
- $150
- Housing costs
- $4,038 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $139,980
25-yr amortization
Income needed
$124,000
gross annual household income
- Payment at 4%
- $2,945 / mo
- Cash down
- $139,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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