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New3 hours ago

102 Magnolia Avenue

Kennedy Park, Toronto

$1,049,900

Detached|2-Storey
4 | 4 | 3
About this home

Top to bottom renovated 4+2 Bedrooms Detached large(1814 Squire feet as per MPAC) two-story home is located on a quiet street in the sought-after Kennedy Park community. Recently renovated both Kitchens, All 4 washrooms, new engineered hardwood floor, new ceramic floor on the main floor hallway, both kitchens and all washrooms. Newly painted all over, all windows are new. New garage door with remote control opener. This is Set on a 30' x 109' feet lot, this 1,814 sq ft above grade property offers a spacious main floor with generous principal rooms including a large eat-in kitchen (possible to make another bedroom for elderly use), and separate living and dining areas. The upper level features four bedrooms with closes in each room . An attached single-car garage adds to the home's functionality. Ideally located just steps to TTC, within walking distance to Scarborough GO Station, and minutes to Kennedy Subway Station. Close to schools, parks, trails, and shopping, this is a strong value-add opportunity in a well-connected neighbourhood.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,140
Lot Size30 ft x 109.09 ft
mls© NumberE13711142
Listed ByREALTY 21 INC.

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What the bank counts

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

Mortgage, tested at 6%
$5,374
Property tax
$345
Heat allowance
$150
Housing costs
$5,869 / mo

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

Down payment20% · $209,980
25-yr amortization

Income needed

$181,000

gross annual household income

Payment at 4%
$4,418 / mo
Cash down
$209,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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