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New1 hour ago

3 Pipestone Place

Elms-Old Rexdale, Toronto

$899,999

Detached|Bungalow
3 | 3 | 4
About this home

DON'T MISS THIS ONE! One of the largest and most distinctive bungalows located on a quiet cul-de-sac in the highly desirable Elms-Old Rexdale community. This beautiful home offers an exceptional layout with spacious principal rooms and numerous unique features.Enjoy the bright solarium with skylights, soaring Florida ceiling, and cozy log-burning fireplace. The family room features beautiful Mexican terracotta flooring and sliding glass doors with a walk-out to the interlocking brick patio.The basement offers excellent potential for an in-law suite, with an opportunity to add a separate entrance, plus a unique secret room (6.40 m x 3.48 m). A separate entrance leads to a spacious workshop located beneath the deck, with convenient access from the backyard via steps beside the deck. The area beneath the family room offers additional versatile space with endless possibilities.Additional features include an interlocking brick driveway, laundry chute to the basement, and plenty of storage and living space.Prime location close to the Humber Valley Golf Course, Elms Community Pool, parks, schools, shopping, and major highways including Hwy 401 and Hwy 400. A rare opportunity to own a spacious bungalow in a peaceful and well-established neighbourhood!Note: Property is being sold in as-is condition.

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Got questions?

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agent
Jonathan Lee
(647) 983-0770

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,865
Lot Size37.5 ft x 130.37 ft
mls© NumberW13755530
Listed ByRE/MAX ACE REALTY INC.

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%
$4,607
Property tax
$405
Heat allowance
$150
Housing costs
$5,162 / mo

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

Down payment20% · $180,000
25-yr amortization

Income needed

$159,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$180,000

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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