Listed 3 months ago
17 Wedgewood Drive
Newtonbrook East, Toronto
$3,990,000
Detached|1 1/2 Storey
5 | 2 | 6
About this home
ESTATE SALE, ESTATE SALE...; Note special development potential , see MLS #C12999178
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $8,212 |
| Lot Size | 57.5 ft x 132 ft |
| mls© Number | C13228572 |
| Listed By | MANN COMMERCIAL REAL ESTATE 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%
- $20,423
- Property tax
- $684
- Heat allowance
- $150
- Housing costs
- $21,257 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $798,000
25-yr amortization
Income needed
$654,000
gross annual household income
- Payment at 4%
- $16,791 / mo
- Cash down
- $798,000
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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