New3 days ago
290 Newton Drive
Newtonbrook East, Toronto
$1,299,900
Detached|Backsplit 3
3 | 3 | 6
About this home
*Power of Sale*Attention Builders and Renovators. Detached Backsplit On An Oversized Pie Shaped Lot In Newtonbrook East. Property Being Sold On An As-Is, Where-Is Basis And The Seller Makes No Representations Or Warranties.
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| Type | Detached |
| Style | Backsplit 3 |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $8,725 |
| Lot Size | 45.4 ft x 142.95 ft |
| mls© Number | C13748354 |
| Listed By | SOURCE 4 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%
- $6,653
- Property tax
- $727
- Heat allowance
- $150
- Housing costs
- $7,531 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $259,980
25-yr amortization
Income needed
$232,000
gross annual household income
- Payment at 4%
- $5,470 / mo
- Cash down
- $259,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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