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Listed 26 days ago

259 William Forster Road

Cornell, Markham

$1,340,000

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

Luxury Home in Cornell Community. Approx. 2500 Sf. Good exposure. 9 Ft Ceiling On Main Flr and Hardwood flooring throughout all levels. Practical Layout. Spacious Living & Dining & Family Room. Family Size Breakfast Area. 4 Large Bdrms Including 2 Ensuite. Basement with Separate entry, Kitchen, 2 large Bedroom and 1 Full washroom entrance and is already rented out to active tenants. Step to Hospital & Public Transit. Close To New Cornell Community Centre & Library. Mins to Hwy7. *For Additional Property Details Click The Brochure Icon Below*

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,672
Lot Size29.53 ft x 82.02 ft
mls© NumberN13549286
Listed ByICI SOURCE REAL ASSET SERVICES 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%
$6,859
Property tax
$473
Heat allowance
$150
Housing costs
$7,481 / mo

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

Down payment20% · $268,000
25-yr amortization

Income needed

$230,000

gross annual household income

Payment at 4%
$5,639 / mo
Cash down
$268,000

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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