114 Cartier Crescent
Crosby, Richmond Hill
$1,198,000
Fully Renovated Detached 3-Bedroom Bungalow With Separate Entrance, Offering Exceptional Versatility For End-Users And Investors Alike. This Property Features A Completely Finished Basement With 2 Additional Bedrooms And 3 Washrooms, Providing Excellent Income Potential. Situated On A Premium 50 x 150 Ft Lot, The Home Boasts Modern Kitchens With Granite Countertops And Beautifully Updated Washrooms Throughout. Roof, Furnace Approx 5 Years Old & Brand New A/C. Currently Tenanted By Long-Term, Reliable Tenants Of Over 2 Years Who Pay Above Market Rent And Take Great Care Of The Property-A True Turnkey Investment Opportunity With Strong Cash Flow From Day One. Upstairs Tenant pays $3,150, Basement Tenants Pays $2,150.Ideally Located Just Steps To Top Ranking Highschool- Bayview Secondary, Parks, Shopping, And GO Transit.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,316 |
| Lot Size | 50.05 ft x 150.07 ft |
| mls© Number | N13496696 |
| 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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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,132
- Property tax
- $526
- Heat allowance
- $150
- Housing costs
- $6,808 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$209,000
gross annual household income
- Payment at 4%
- $5,041 / mo
- Cash down
- $239,600
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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