Listed 2 months ago
29 Citation Drive
Bayview Village, Toronto
$4,500,000
Detached|2-Storey
5 | 8 | 6
About this home
Premium ravine lot in Bayview Village. Approx. 5,600+ sq ft. Features: hardwood floors, eat-inskylight, limestone front & brick sides, wrought iron railings. Ravine views throughout.gourmet kitchen w/quartz island, high ceilings, master retreat w/ravine view, 4 fireplaces,
Extras
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 6-15 |
| Size | 5000 + sq. ft. |
| Property Tax | $25,019 |
| Lot Size | 60 ft x 200 ft |
| mls© Number | C13458280 |
| Listed By | FIRST CLASS REALTY 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%
- $23,033
- Property tax
- $2,085
- Heat allowance
- $150
- Housing costs
- $25,268 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $900,000
25-yr amortization
Income needed
$777,000
gross annual household income
- Payment at 4%
- $18,937 / mo
- Cash down
- $900,000
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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