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New3 days ago

31 Ascolda Boulevard

Eglinton East, Toronto

$700,000

Detached|Bungalow
3 | 2 | 3
About this home

Bungalow with 3 bedrooms, kitchen, combined living/dining and 3 piece bathroom on the main floor plus additional bedroom, recroom, office, bathroom, laundry and a storage room in the basement. Property features a single car garage. House built in 1960. Windows and roof are newer. Backyard features a newly built covered deck as well as a large stone patio and some ladscaping. Most recent owners have deferred a lot of maintenance and the property requires upgrading in order to bring it to current standards and to improve its value. Property is offered for sale on an as is where is basis.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,351
Lot Size50 ft x 102.5 ft
mls© NumberE14160176
Listed ByMFS REALTY SERVICES INC.

Listing History

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  • 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%
$3,583
Property tax
$363
Heat allowance
$150
Housing costs
$4,096 / mo

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

Down payment20% · $140,000
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,946 / mo
Cash down
$140,000

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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