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New5 days ago

507 Alder Court

Amberlea, Pickering

$869,000

Detached|2-Storey
3 | 3 | 3
About this home

Welcome to 507 Alder Court, a 3+1 bedroom, 3-bathroom detached home on a quiet court in Amberlea, with a bathroom on every level.The showpiece is the fully renovated 2022 kitchen. Navy cabinetry with crown moulding is set against quartz counters and a marble mosaic backsplash. A waterfall peninsula with breakfast-bar seating anchors the room, and under-cabinet and pot lighting finish it off. Stainless steel appliances feature a double-oven range and a built-in microwave drawer. Just off the kitchen, a den works as a home office or large walk-in pantry. French doors lead from the dining area to a 19' x 19' family room with a fireplace and walkouts to the backyard and side yard. The main floor also has hardwood, a powder room and inside garage entry. Upstairs are three bedrooms and a semi-ensuite 4-piece bath. The finished basement is a true second living space, with a bedroom, a 3-piece bath and a 19' x 19' rec room with new carpet (2025). Outside are a widened driveway and a shed on a concrete pad in the backyard. The roof and eavestroughs were replaced in 2021, and an app-controlled, monitored backup generator was added in November 2024 for peace of mind during outages. Daily errands are easy: Amberlea Shopping Centre (Metro, Rexall, TD Bank, Dollarama, Pizza Pizza, a nail salon and restaurants) is 450 m away, about a 7-minute walk. Schools, parks and transit are nearby, and Highway 401 is minutes away.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$6,480
Lot Size31.23 ft x 120.08 ft
mls© NumberE14100460
Listed ByRE/MAX WEST REALTY INC.

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,448
Property tax
$540
Heat allowance
$150
Housing costs
$5,138 / mo

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

Down payment20% · $173,800
25-yr amortization

Income needed

$158,000

gross annual household income

Payment at 4%
$3,657 / mo
Cash down
$173,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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