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New8 hours ago

171 Elmwood Avenue

Willowdale East, Toronto

$2,788,000

Detached|2-Storey
4 | 5 | 3
About this home

Welcome to 171 Elmwood Avenue, a luxurious custom-built residence only 1 year new, ideally located in highly sought-after Willowdale East. Offering over 3,500 sq. ft. of beautifully finished living space, including the lower level, on a desirable south-facing lot just steps to Yonge St, subway, North York Centre, parks, shopping and top-ranked Earl Haig SS & Hollywood PS. Featuring a bright open-concept layout, soaring ceilings, hardwood floors and exceptional craftsmanship throughout. The chef-inspired kitchen boasts custom cabinetry, premium built-in appliances and a large centre island, opening to an impressive family room with fireplace and walkout to the deck. A skylit glass-railing staircase leads to a luxurious primary suite with 5-pc spa-like ensuite & custom W/I closet, spacious bedrooms and convenient 2nd-floor laundry. The finished lower level features heated floors, recreation room, wet bar, nanny/guest bedroom, 3-pc bath, 2nd laundry & ample storage. A sophisticated modern home combining luxury, functionality and an exceptional Willowdale location.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$14,742
Lot Size30 ft x 131.5 ft
mls© NumberC13807408
Listed ByCENTURY 21 PERCY FULTON LTD.

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%
$14,270
Property tax
$1,229
Heat allowance
$150
Housing costs
$15,649 / mo

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

Down payment20% · $557,600
25-yr amortization

Income needed

$481,000

gross annual household income

Payment at 4%
$11,732 / mo
Cash down
$557,600

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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