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New4 hours ago

485 Evans Avenue

Alderwood, Toronto

$1,388,000

Detached|Bungalow
1 | 3 | 7
About this home

This Builder's Own Home is a Masterclass in adaptable design and versatility. Premium Quality Materials and Expert Workmanship in Every Upgrade as found in List, Attached. Functionality is built into every corner of the house and the completely separate Studio / Office at the rear of the garage. Originally a 2 Bdrm Ranch Bungalow Now the Definition of Flexibility Intended to Suit Every Stage of Life from Home Based Business, Facilitating Adult Children Needing to Return Home for a Time, to Comfortable Retirement Living. Seamlessly Shift from Work to Play in Your Private Backyard Oasis. Open Your Gate and Enter Douglas Park Which is Green as Far as You Can See and Has a Fully Equipped Children's Play Ground. Take Advantage of the Widened Driveway Giving Private Parking for Up To 7 cars. Living near the Pulse of the City Means Unparalleled connectivity. No Matter where you are Coming From Local Major Transit Routes Converge Very Near to Your Front Door. Zoning is Multi-Family Residential allowing Future Development of a Fourplex on this Lot.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,658
Lot Size50 ft x 140 ft
mls© NumberW13763962
Listed ByRE/MAX HALLMARK REALTY LTD.

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%
$7,104
Property tax
$388
Heat allowance
$150
Housing costs
$7,643 / mo

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

Down payment20% · $277,600
25-yr amortization

Income needed

$235,000

gross annual household income

Payment at 4%
$5,841 / mo
Cash down
$277,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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