8 Waterfield Drive
Bendale, Toronto
$1,249,900
((( **** 2nd Dwelling Unit - LEGAL Basement Apartment ****))). Premium Ravine Lot On A Family Friendly Cul De Sac. Backs onto one of the best preserved ravines. Tall Hedges surrounds property. Fabulous Unobstructed Ravine Views From The Living Room And Master Picture Windows.Cathedral Ceiling In The Spectacular Living Room W/Walkout To Yard. Enhanced By Brand New Flooring Throughout, Upgraded Kitchen Is Equipped With Stainless Steel Appliances. A Major Highlight Is The Freshly Finished Legal 1-Bedroom Basement Apartment (**** Second Dwelling Unit) With Separate Walkout Entrance, Full Kitchen, 4-Piece Washroom, And Separate Laundry-An Excellent Opportunity For Extended Family Or Additional Rental Income. 200 AMP electrical service & wiring for an EV charger. Extensive Stonework, front walkway, two Flagstone patios & around west side of house+as stepping stones to gate. Wall of doors opens to 20 X 15 Cedar deck. Double tandem garage.
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| Type | Detached |
| Style | Sidesplit 4 |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,992 |
| Lot Size | 74.5 ft x 109.75 ft |
| mls© Number | E14090258 |
| Listed By | CENTURY 21 PARAMOUNT REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,398
- Property tax
- $416
- Heat allowance
- $150
- Housing costs
- $6,964 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$214,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $249,980
Assumes no other monthly debts · 25-yr amortization
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