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Markland Wood, Toronto
$1,195,000
A Home with Character. A Cottage in the City. 53 Neilson Drive is a distinctive one and storey home in the heart of the Markland Wood community. It's been the "cottage in the city": a comfortable, welcoming home with character, surrounded by a wonderful backyard that has been enjoyed and cared for over the years. 1,365 sq. ft. above grade, the home features 3 bedrooms, 1.5 bathrooms and a practical floor plan with a comfortable flow throughout. 52.5' x 114' lot. The backyard is a gardener's dream and provides a private outdoor retreat. A big part of what gives this property its cottage-like feeling. Pride of ownership is evident throughout, and the home offers an opportunity for the next owner to bring their own ideas and make it their own. Conveniently located close to parks, recreation, excellent schools, Markland Wood Golf Club, shopping, transit and major highways, it offers something increasingly hard to find in the city: a home with character, space to breathe and a backyard that feels like an escape. Seller makes no representations or warranties.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,965 |
| Lot Size | 52.5 ft x 114 ft |
| mls© Number | W13727378 |
| Listed By | KELLER WILLIAMS EMPOWERED REALTY |
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%
- $6,117
- Property tax
- $414
- Heat allowance
- $150
- Housing costs
- $6,680 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$206,000
gross annual household income
- Payment at 4%
- $5,029 / mo
- Cash down
- $239,000
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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