Listed 7 days ago
35 Gerden Drive
Rural Richmond Hill, Richmond Hill
$2,495,000
Detached|2-Storey
4 | 5 | 4
About this home
Luxury Living In A Multi Million Dollar Home. 9 Ft Ceiling, Dream Kitchen, Over 4000 Sft. Backing On To Ravine . Walkout Basement. Hardwood Floors Richmond Green Secondary School District, Excellent Location, Close To Hwy 404, Shopping, Costco, Supermarkets and Everything!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3500-5000 sq. ft. |
| Property Tax | $10,760 |
| Lot Size | 43.02 ft x 113.1 ft |
| mls© Number | N13741732 |
| Listed By | RE/MAX REALTY SPECIALISTS 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%
- $12,771
- Property tax
- $897
- Heat allowance
- $150
- Housing costs
- $13,817 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $499,000
25-yr amortization
Income needed
$425,000
gross annual household income
- Payment at 4%
- $10,499 / mo
- Cash down
- $499,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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