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Listed 27 days ago

34 Fairwood Crescent

West Hill, Toronto

$876,000

Detached|1 1/2 Storey
5 | 4 | 6
About this home

Attention Buyers & Renovators! Live, Rent, Or Build Your Dream Home On A Massive 50 Ft X 125 Ft Deep Lot With A Desirable Private Drive & Double Car Garage. Located In A High-Growth Major Transit Station Area (MTSA) Surrounded By New 4,000 Sq ft Custom Master pieces. The Heavy Lifting Is Done: Full-Scale Down-To-The-Studs Renovation In 2014 Provides The Ultimate Foundation. Upgraded Electrical (100-Amp), Modern Plumbing, New HVAC, New Hot Water Tank (Tankless),Ductwork, Windows, & Roof (2018). Interior Boasts Exotic Tiger Hardwood Floors, An Open-Concept Quartz Kitchen W/ Built-In S/S Appliances & Gas Range. Incredible Income Potential: Finished Basement Configured Into 2 Separate Living Quarters-Perfect For Multi-Generational Families Or Premium Rental Income (Currently Generating High Yield As A UTSC Student Rental).Unbeatable Convenience: Walk to U of T Scarborough Campus. West Hill CI & A Vibrant Shopping Plaza (Restaurants, Groceries, Fast Food) Are Literally Across The Street. Steps To Transit & Guildwood GO For A Quick Commute To Downtown Toronto.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,791
Lot Size50.06 ft x 125.2 ft
mls© NumberE13541826
Listed ByNU STREAM REALTY (TORONTO) INC.

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$4,484
Property tax
$483
Heat allowance
$150
Housing costs
$5,116 / mo

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

Down payment20% · $175,200
25-yr amortization

Income needed

$157,000

gross annual household income

Payment at 4%
$3,686 / mo
Cash down
$175,200

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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