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New6 hours ago

20 Mayhill Crescent

Woburn, Toronto

$949,000

Detached|Backsplit 3
2 | 3 | 2
About this home

Welcome to this spacious detached backsplit bungalow in the desirable Woburn community of Scarborough. This home features 2 master bedrooms on the main floor with 4 pc in suits plus 2 additional bedrooms in the Separate Entrance basement, offering plenty of space for a large family or extended family. Separate laundry facilities for both upstr and down str occupants as well as large backyard facility with plenty of space for car parking. Tons Of Upgrades: BRAND NEW WASHRROMS (2), New Backyard landscaping, Triple-glazed windows, Main Floor Hardwood Flooring, Basement Renovation, this home offers excellent potential for rental income or an in-law suite. Situated on a generous 43 x 137 ft lot, conveniently close to schools, parks, public transit, shopping, Scarborough Town Centre, Centennial College and major highways. A great opportunity for homeowners and investors alike. High potential for income based as bungalow is rented for 4200 plus utilities (A+++ tenants willing to stay depends on new owner Willings)

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nest zoom realty
(416) 276-9973
TypeDetached
StyleBacksplit 3
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$3,888
Lot Size43 ft x 137 ft
mls© NumberE13765032
Listed ByHOMELIFE/MIRACLE 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%
$4,857
Property tax
$324
Heat allowance
$150
Housing costs
$5,331 / mo

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

Down payment20% · $189,800
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,994 / mo
Cash down
$189,800

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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