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New2 days ago

2365 Major Mackenzie Drive

Maple, Vaughan

$1,850,000

Detached|2-Storey
3 | 2 | 8
About this home

Possible Redevelopment Potential In The Heart Of Maple. Newer Furnace, Electrical, Eavestrough. Close to Mackenzie Health Hospital, Hwy 400, Maple GO, And Retail Plazas Close By. The Property Is Subject To Small Easement As In Instrument Number Va3206. West Side Of The Property (As Per Survey). 100 Foot Frontage!

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$5,323
Lot Size100.67 ft x 161.2 ft
mls© NumberN13753668
Listed ByMONTESANO REALTY INC.

Listing History

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  • 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%
$9,469
Property tax
$444
Heat allowance
$150
Housing costs
$10,063 / mo

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

Down payment20% · $370,000
25-yr amortization

Income needed

$310,000

gross annual household income

Payment at 4%
$7,785 / mo
Cash down
$370,000

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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