New3 hours ago
221 Westmoreland Avenue
Dovercourt-Wallace Emerson-Junction, Toronto
$1,086,750
Detached|3-Storey
4 | 4 | 0
About this home
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| Type | Detached |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,776 |
| Lot Size | 23.5 ft x 52 ft |
| mls© Number | W13797550 |
| Listed By | RE/MAX REAL ESTATE CENTRE INC. |
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%
- $5,562
- Property tax
- $481
- Heat allowance
- $150
- Housing costs
- $6,194 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $217,350
25-yr amortization
Income needed
$191,000
gross annual household income
- Payment at 4%
- $4,573 / mo
- Cash down
- $217,350
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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