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New3 hours ago

38 Algoma Street

Mimico, Toronto

$1,679,000

Detached|2-Storey
4 | 4 | 5
About this home

Beautiful,Four bedroom,Custom-built,Modern Architecture Designs with quality finishing. Open-concept layout,bright,modern kitchen designed for entertaining, featuring an oversized island,statement pendant lighting,S/S appliances. Walk Out through Floor to Ceiling Glassed,Sliding doors from Kitchen/Dinning area to an oversized deck overlooking a generous 34 x 125.5 ft lot with Stone Patio and a yard waiting for your personal touch. This home has an abundant Natural Light from the 2 Skylights, Living room,side and back windows. Hardwood flooring throughout,solid Wood Stairs W/Glass Railings and pot light on the wall for night vision. kitchen receives direct sun light from opening to above skylight. The spacious primary bedroom retreat features a 5-piece ensuite with double vanity,freestanding tub,custom shower, walk-in closet and Electric Fireplace.The upper level includes an additional 5-piece bathroom with double vanity.Generous size bedrooms and a conveniente laundry & sink area. The fully finished lower level has laminated floors,a recreation room/Gym, 4-piece bathroom,Electric Fireplace and side entrance. Excellent access to public transit, a 10 minute walk to Mimico Go Station, major highways,Toronto's Airports(Pearson and Billy Bishop) & quick access to downtown and some of the best entertainment venues including Exhibition Place Grounds, BMO Field, Rogers Centre, Scotiabank Arena. Short walk to The Bread Essentials & San Remo Bakery . Less than 10 minute drive to Major Grocery Stores (NoFrills, Costco and Longo's on The Queensway ).

Extras

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$79,712
Lot Size34 ft x 125.5 ft
mls© NumberW13652446
Listed BySUTTON GROUP OLD MILL REALTY INC.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$8,594
Property tax
$6,643
Heat allowance
$150
Housing costs
$15,387 / mo

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

Down payment20% · $335,800
25-yr amortization

Income needed

$473,000

gross annual household income

Payment at 4%
$7,066 / mo
Cash down
$335,800

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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