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New3 days ago

109 Melbourne Drive

Rouge Woods, Richmond Hill

$1,398,000

Detached|Bungalow-Raised
2 | 4 | 4
About this home

Pride Of Ownership Shines Throughout This Fully Renovated Executive Home, Meticulously Maintained By The Same Owner For 17 Years! Situated On A Quiet Street In A Sought-After Neighbourhood And Top-Ranked School District, This Turnkey Residence Offers Nearly 3,000 Sq Ft Of Total Finished Living Space With A True Double Car Garage. Completely Carpet-Free, The Main Levels Showcase Rich Hardwood Flooring, Iron-Spindle Railings, Pot Lights, And Custom California Shutters Throughout. The Gourmet Custom Kitchen Features Sleek Quartz Countertops, Full-Height Shaker Cabinetry, Premium Stainless Appliances With A Gas Range, And An Oversized Entertainer's Island. Upstairs, Retreat To A Luxurious Primary Ensuite Complete With A Freestanding Soaker Tub, Floating Double Vanity, And Custom Frameless Glass Shower. A Finished 2-Bedroom Walk-Up Basement Apartment Features An Airy 9-Foot Ceiling, Separate Entrance, And Large Above-Grade Windows - Perfect For Extended Family Or Rental Income. Step Outside To A Private, Landscaped Backyard Oasis With An Extensive Stone Patio And Composite Deck - Perfect For Outdoor Entertaining. All Major Mechanics Updated: Roof, Furnace, Central A/C, And Hot Water Heater.

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nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,548
Lot Size38.71 ft x 109.2 ft
mls© NumberN14109226
Listed ByLANDPOWER REAL ESTATE LTD.

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%
$7,156
Property tax
$629
Heat allowance
$150
Housing costs
$7,935 / mo

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

Down payment20% · $279,600
25-yr amortization

Income needed

$244,000

gross annual household income

Payment at 4%
$5,883 / mo
Cash down
$279,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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