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New3 hours ago

53 Neilson Drive

Markland Wood, Toronto

$1,195,000

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

A Home with Character. A Cottage in the City. 53 Neilson Drive is a distinctive one and storey home in the heart of the Markland Wood community. It's been the "cottage in the city": a comfortable, welcoming home with character, surrounded by a wonderful backyard that has been enjoyed and cared for over the years. 1,365 sq. ft. above grade, the home features 3 bedrooms, 1.5 bathrooms and a practical floor plan with a comfortable flow throughout. 52.5' x 114' lot. The backyard is a gardener's dream and provides a private outdoor retreat. A big part of what gives this property its cottage-like feeling. Pride of ownership is evident throughout, and the home offers an opportunity for the next owner to bring their own ideas and make it their own. Conveniently located close to parks, recreation, excellent schools, Markland Wood Golf Club, shopping, transit and major highways, it offers something increasingly hard to find in the city: a home with character, space to breathe and a backyard that feels like an escape. Seller makes no representations or warranties.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,965
Lot Size52.5 ft x 114 ft
mls© NumberW13727378
Listed ByKELLER WILLIAMS EMPOWERED REALTY

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%
$6,117
Property tax
$414
Heat allowance
$150
Housing costs
$6,680 / mo

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

Down payment20% · $239,000
25-yr amortization

Income needed

$206,000

gross annual household income

Payment at 4%
$5,029 / mo
Cash down
$239,000

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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