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Listed 18 days ago

3 Lounts Lane

Cornell, Markham

$926,990

Freehold Townhouse|3-Storey
3 | 4 | 2
About this home

Welcome to Terrace Park Towns featuring this Brand New, Never Lived in - Large Family Sized Townhome!On the upper 2 floors, you will find your open concept living,a den with glass partition wall, bright kitchen, 3 bedrooms & 2.5 bathrooms. On the ground level, you will find a multi use space (can be used as a rec room, office, living room, etc), a powder room & 2 entrances (front+back door). If you are looking for multi-generational living potential, this townhome features an unfinished basement with an oversized window for a future bedroom, a Rough in for a 3 piece bathroom & a rough in for a future 2nd Laundry connection. When used in combination with the ground level's rec space that has a separate entrance,the potential is huge & your future basement suite will make the in-laws smile! This Pineridge Model is 2080 sq ft & features key upgrades from oversized porcelain tiles to upgraded cabinetry. The kitchen features a natural stone countertop, a large pantry & a stainless steel appliance package. Just off the kitchen, you have direct access to a private outdoor terrace w/over 100 sq. ft. of outdoor living space. The Laundry is conveniently located on the bedroom level. Washer & dryer incl 1 d. Direct from Builder - State Building Group/Forest Hill Homes, Terrace Park Towns. The purchase price listed includes the HST as well as the HST Enhanced Rebate Program for qualified purchasers. Additional HST payable if purchaser does not qualify for the rebate. Move in ready for quick closing. No Occupancy Fees. Taxes based on LAND VALUE ONLY. Will be reaccessed by MPAC after EXTRAS: 8' ceilings (1st & Bsmt), 9' ceilings (2nd & 3rd), smooth ceilings throughout, hardwood & porcelain tile (1st, 2nd & hallway on 3rd). Carpet in bedrooms only. Dual zone heating allowing for separate heating/cooling settings in the 2 zones - Basement+ 1st floor AND 2nd + 3rd floor providing ultimate comfort year round. Central A/C, Oak stairs w/metal pickets. Full TARION warranty.

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agent
Angela Montano
(647) 283-2643
TypeAtt/Row/Townhouse
Style3-Storey
Approx. AgeNew
Size2000-2500 sq. ft.
Property Tax$2,043
Lot Size18 ft x 65 ft
mls© NumberN13650130
Listed ByPMA BRETHOUR REAL ESTATE CORPORATION 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%
$4,745
Property tax
$170
Heat allowance
$150
Housing costs
$5,065 / mo

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

Down payment20% · $185,398
25-yr amortization

Income needed

$156,000

gross annual household income

Payment at 4%
$3,901 / mo
Cash down
$185,398

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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