New1 hour ago
37 Meadowcliffe Drive
Cliffcrest, Toronto
$1,845,000
Detached|2-Storey
5 | 3 | 6
About this home
Bright - Spacious - Vacant - Over 6,000 square feet (as per MPAC) of living space. High vaulted ceilings, 5 skylights, wide and deep garages, inground pool. Breathtaking setting and views - the Bluffs, Lake Ontario, Cudia Park. Update / renovate to your taste.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3500-5000 sq. ft. |
| Property Tax | $17,608 |
| Lot Size | 143.95 ft x 374 ft |
| mls© Number | E13738326 |
| Listed By | SUTTON GROUP-ADMIRAL 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%
- $9,444
- Property tax
- $1,467
- Heat allowance
- $150
- Housing costs
- $11,061 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $369,000
25-yr amortization
Income needed
$340,000
gross annual household income
- Payment at 4%
- $7,764 / mo
- Cash down
- $369,000
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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