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Price Change$1,349,000

8 Newlove Court

Elms-Old Rexdale, Toronto

$1,199,000

Detached|Bungalow-Raised
3 | 3 | 6
About this home

*UNIQUE DETACHED 3 BEDROOM RAISED BUNGALOW with A DOUBLE CAR GARAGE *WELL KEPT HOME* ORIGINAL OWNERS* PREMIUM COURT LOCATION *SPACIOUS FLOOR PLAN With LARGE CENTRE HALL *BIG PRIMARY BEDROOM with 2-PCE WASHROOM *STRIP HARDWOOD AND CERAMIC THROUGHOUT * ENJOY THE FRONT PORCH OR THE SIDE PORCH THAT FEATURES Two (2)COLD ROOMS * WOW AMAZING WALK-OUT BASEMENT *PROFESSIONALLY FINISHED BASEMENT with 2ND KITCHEN, SEPARATE SIDE ENTRANCE AND BACK WALK-Out ENTRANCE, AND 2 HUGE BEDROOMS *INCOME POTENTIAL* DON'T MISS THIS 1 OF A KIND BUNGALOW* NEAR ALL AMENITIES, SCHOOLS, SHOPPING, HWYS, BUS, ETC.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,540
Lot Size45 ft x 129.7 ft
mls© NumberW13118056
Listed ByROYAL LEPAGE IGNITE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$6,137
Property tax
$378
Heat allowance
$150
Housing costs
$6,665 / mo

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

Down payment20% · $239,800
25-yr amortization

Income needed

$205,000

gross annual household income

Payment at 4%
$5,046 / mo
Cash down
$239,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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