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New3 hours ago

47 King Edward Avenue

Woodbine-Lumsden, Toronto

$1,359,000

Detached|2-Storey
3 | 2 | 1
About this home

0% Interest - 5 (FIVE) Years VTB. The VTB will Assist with the Down Payment or it Could be Used for Bringing Down the Monthly Carrying Costs. Savings of up to $50,000.00 in Interest in Only 5 Years. Location, Location, Location!! - Situated in the Desirable Gledhill School District. This Detached 3-Bedroom Home has a Private Drive on a Deep Lot, allowing for a Garden Suite. Main Floor Master Bedroom & 2nd Floor Master Bedroom Features a Walkout to Deck that Overlooks the Lovely Backyard. 2nd Floor Flex / Media Room with Kitchen, could be a 4th Bedroom. Main Floor (Renovated - 1 3-Pc Bath). 2nd Floor Laundry Facilities. Fully Refinished to The Studs. Wired & Interconnect Smoke & Carbon Monoxide Detectors throughout. Main Front & 2nd Floor Windows Replaced (2024), and Roof (2024). Main Floor Open Concept Kitchen & Living Room. Roughed in Laundry on Main Floor. Separate Entrance to Basement. New Stainless-Steel Appliances. Income Potential - Live on Main Floor or 2nd Floor and Rent the Other. Further Income Potential from Furnishing the Basement Level & Garden Suite. Close to: Danforth Restaurants, Coffee Shops, School, Banks, Medical Clinics, 10 Minutes to Subway. Ideal for Extended family or Young couple. Please speak with Listing Agent regarding Financial Opportunities.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,562
Lot Size25 ft x 126.54 ft
mls© NumberE14133972
Listed ByCENTURY 21 PARKLAND LTD.

Listing History

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  • 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%
$6,956
Property tax
$380
Heat allowance
$150
Housing costs
$7,486 / mo

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

Down payment20% · $271,800
25-yr amortization

Income needed

$230,000

gross annual household income

Payment at 4%
$5,719 / mo
Cash down
$271,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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