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New2 hours ago

162 Magnolia Avenue

Kennedy Park, Toronto

$659,900

Detached|Bungalow
2 | 2 | 4
About this home

Welcome to 162 Magnolia Ave. If you have always dreamed of owning that home with a white picket fence then this one is for you! This charming 2+1 bedroom bungalow offers the space, privacy and outdoor living you simply can't get with a condo. Set on a 40x104' lot, this inviting home features a private fenced backyard and parking for 4 cars. The main floor has been freshly painted, creating a bright and welcoming feel throughout. New carpet has been installed in the living room, hallway, primary bedroom and 3rd bedroom, while the second bedroom features newer plank vinyl flooring. The primary bedroom has wall to wall mirrored closets with a closet organizer giving you plenty of storage space. The renovated main bath adds a fresh modern touch. Downstairs, the recroom offers newer plank vinyl flooring and a cozy gas fireplace, creating the ideal space for relaxing, entertaining or family time. The basement also has a good sized room for an office, workshop or just more storage! Step outside onto the deck overlooking the private backyard perfect for your morning coffee, summer gatherings or simply enjoying your own outdoor space. There is an oversized storage shed to store all your outdoor equipment and more.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,207
Lot Size40 ft x 104 ft
mls© NumberE13695346
Listed ByCOLDWELL BANKER - R.M.R. Real Estate

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%
$3,378
Property tax
$267
Heat allowance
$150
Housing costs
$3,795 / mo

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

Down payment20% · $131,980
25-yr amortization

Income needed

$117,000

gross annual household income

Payment at 4%
$2,777 / mo
Cash down
$131,980

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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