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New3 days ago

16 Pipestone Place

Elms-Old Rexdale, Toronto

$799,990

Detached|Bungalow
3 | 2 | 6
About this home

Welcome to The Elms! Located on a quiet, family-friendly court in the established Elms-Old Rexdale neighbourhood, this well-kept bungalow is being offered for sale by the estate of its original owner. Lovingly maintained over the years and largely in its original condition, this is an excellent opportunity for buyers looking to renovate, update or create their own vision. The home offers 3 bedrooms, 2 bathrooms and a finished basement, providing a versatile layout with plenty of potential. Situated on an impressive pie-shaped, fully fenced lot measuring approximately 44.10' x 120.15' x 75.09' x 126.80', there is an abundance of outdoor space for children, pets, gardening and entertaining. A double attached garage provides excellent parking and storage. The location offers an exceptional combination of nature, recreation and convenience. The Humber River runs through the area, providing walking trails and abundant greenspace, with Pine Point Park, Elms Community Pool, Berry Creek and Humber Valley Golf Course all nearby. Conveniently located close to Humber College & Arboretum, Etobicoke General Hospital, Woodbine Racetrack & Entertainment Complex and Toronto Pearson International Airport, with TTC bus service, Finch LRT, Etobicoke North GO and Highway 401 providing excellent transportation options. An extensive selection of shopping and everyday amenities is also close at hand, including Costco, Walmart, Home Depot, Canadian Tire, Woodbine Mall, Giant Tiger and Dollarama. A rare opportunity to acquire an original-owner home on an exceptional lot in a quiet court, with tremendous potential to renovate and make it your own.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,750
Lot Size44.1 ft x 120.15 ft
mls© NumberW13681118
Listed ByPOPE REAL ESTATE LIMITED

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%
$4,095
Property tax
$396
Heat allowance
$150
Housing costs
$4,641 / mo

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

Down payment20% · $159,998
25-yr amortization

Income needed

$143,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,998

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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