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New1 hour ago

25 Miles Road

Mimico, Toronto

$1,225,000

Detached|Bungaloft
2 | 2 | 2
About this home

Charming bungaloft tucked away on a mature, private cul-de-sac in one of Mimico's most sought-after lakeside neighbourhoods. Just steps from the lake, waterfront access and a nearby parkette, this inviting home offers the feel of a private lakeside retreat while remaining minutes from the city. Inside, enjoy a welcoming living room with gas fireplace, a beautifully renovated chef's kitchen, two full bathrooms and two walkouts to the lush south-facing garden. The finished lower level provides excellent additional living space with a spacious recreation room, wet bar, electric fireplace and built-in storage. Outside, the gorgeous private garden and expansive deck create an ideal setting for relaxing, dining and entertaining. Additional conveniences include a natural gas BBQ hookup on the deck, gas connection to the gas fireplace and power to the garden shed. An exceptional location close to the waterfront trail, beach and boardwalk, marina, swimming pool, bike and walking paths, restaurants, boutique shops, schools and community centre. TTC and Mimico GO are nearby, with easy access to the QEW and Gardiner Expressway. Please note, there are two rabbits here who are very friendly but please do not pick them up and watch your step!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungaloft
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,092
Lot Size33 ft x 100 ft
mls© NumberW13717974
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,270
Property tax
$508
Heat allowance
$150
Housing costs
$6,928 / mo

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

Down payment20% · $245,000
25-yr amortization

Income needed

$213,000

gross annual household income

Payment at 4%
$5,155 / mo
Cash down
$245,000

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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