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New3 hours ago

27 Cedarcrest Drive

Kingsway South, Toronto

$1,450,000

Detached|Bungalow
3 | 2 | 4
About this home

Great South Kingsway opportunity on a family-oriented street near Etobicoke's sought-after schools, parks and shops, along with easy access to the TTC transit & subway. Conveniently close walking distance to Etobicoke Collegiate Institute, Kingsway College School, Our Lady of Sorrows catholic school, Sunnylea Nursery School; and the scenic Tom Riley Park featuring walking trails, sports & recreation, and a public pool. A pleasant stroll to the shops, restaurants & cafes along The Kingsway and Bloor Street, and to the Royal York subway station. From this location, enjoy being just steps to Donnybrook Park with a nice children's playground. This detached roomy bungalow on a spacious 40 ft x 125 ft lot with a long private driveway and a solid detached garage is set on a picturesque tree-lined street. Nicely updated with open concept living & dining areas plus breakfast area seating in the kitchen and 3 good sized bedrooms. The finished lower level features another big bedroom, a large recreation room with a gas fireplace, an additional bathroom, and a separate side entrance allowing for potential in-law or guest suite options. The ample backyard is surrounded by mature trees which provide privacy. See the potential in one of Toronto's most prime neighbourhood.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,594
Lot Size40 ft x 125 ft
mls© NumberW13801196
Listed ByCHESTNUT PARK REAL ESTATE LIMITED

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%
$7,422
Property tax
$466
Heat allowance
$150
Housing costs
$8,038 / mo

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

Down payment20% · $290,000
25-yr amortization

Income needed

$247,000

gross annual household income

Payment at 4%
$6,102 / mo
Cash down
$290,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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