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Listed 3 months ago

19 Schell Avenue

Briar Hill-Belgravia, Toronto

$1,075,000

Detached|1 1/2 Storey
3 | 3 | 4
About this home

Feature Sheet Attached! Fully Renovated, Great Floor Plan, Garage and Double Park Driveway With E/V Charger, Walkout To Back Yard Deck,Fully Finished Basement With Washroom and Kitchen. S/S Appliances. New 200 Amp Panel. All New Sidings, Gutters, Fascia On The Exterior.Experience Turnkey Living In This Detached, Cozy Property Nestled On A Generous 140 feet Deep Lot. Alternatively Generate A Substantial Rental Revenue As A 3+3 Bedroom Investment Property.Potential For A Garden Suite On Rear Lot.The private backyard is a delight, featuring a spacious BBQ area and a charming gazebo-perfect for outdoor gatherings and relaxation.Sun-Filled Home. Walking Distance To Shopping, Public Transit, Public & Private Schools! A Separate Basement Entrance Can Be Created By Installing A Common Wall With A Door That Leads To The Walkout Deck.Check The 3D Tour.PS: Owner Would Consider Taking Down Some Drywall Partitions In The Basement To Create A More Open Space If Requested.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,899
Lot Size23.25 ft x 140 ft
mls© NumberW13173858
Listed ByROYAL LEPAGE SIGNATURE REALTY

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%
$5,502
Property tax
$325
Heat allowance
$150
Housing costs
$5,977 / mo

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

Down payment20% · $215,000
25-yr amortization

Income needed

$184,000

gross annual household income

Payment at 4%
$4,524 / mo
Cash down
$215,000

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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