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Malvern, Toronto
$690,000
Well-maintained 2-storey semi-detached home on a premium corner lot featuring with 4 spacious bedrooms, 1 full washroom, 1 powder room, bright living and dining areas. Finished basement with separate side entrance offers additional bedrooms, kitchen, 1 full washroom, and the potential to create an in-law suite or rental income. Huge private backyard for kids' room to play and entertainment. Potential to build separate garden-suit for additional rental. Carport with 3 parking's on the driveway with a potential of 4th parking as well. Quite neighborhood surrounded by elementary, middle and high schools, big playground. TTC bus stoppage at the backyard. Located near Sheppard & Neilson Rd in Malvern, 5 mins to highway 401, Malvern Mall, stores, community centres, library, worship place, Centennial College and more. Live comfortably upstairs while the basement could provide an opportunity for additional income, extended family living or private space for the guests. Basement is tenanted and tenants will move out on or before closing date. A fantastic chance to create your dream home while building substantial equity!
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,146 |
| Lot Size | 37.44 ft x 124.1 ft |
| mls© Number | E13442084 |
| Listed By | HOMELIFE/MIRACLE REALTY LTD |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,532
- Property tax
- $262
- Heat allowance
- $150
- Housing costs
- $3,944 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$121,000
gross annual household income
- Payment at 4%
- $2,904 / mo
- Cash down
- $138,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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