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New2 days ago

38 Bobolink Avenue

Rouge E11, Toronto

$1,299,000

Detached|2-Storey
4 | 4 | 6
About this home

Mattamy Built Home With Spacious 2 Bedroom Basement Apartment ** Featuring hardwood flooring throughout the main floor, an open concept layout, and a modern kitchen with granite countertops. Walk out directly to the backyard from the kitchen.The fully interlocked driveway accommodates 4 cars with no sidewalk. Direct garage access via mudroom and provides convenient access to the basement apartment.**The second floor offers 4 spacious bedrooms, 2 full bathrooms, and a computer nook **Primary bedroom features double walk in closets **The 2 bedroom basement apartment includes a separate living room, kitchen, and full bathroom, potential to earn additional rental income.**Convenience: Just a 3 minute walk to an elementary school, park, and 24-hour public transit. Approximately 10 minutes to high schools, colleges, universitiy, the Pan Am Centre, New medical School, and hospital.

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(416) 276-9973

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,023
Lot Size41.05 ft x 81.29 ft
mls© NumberE14114728
Listed ByHOMELIFE/CHAMPIONS REALTY INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$6,649
Property tax
$502
Heat allowance
$150
Housing costs
$7,301 / mo

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

Down payment20% · $259,800
25-yr amortization

Income needed

$225,000

gross annual household income

Payment at 4%
$5,466 / mo
Cash down
$259,800

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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