New4 hours ago
14 Lake Shore Drive
New Toronto, Toronto
$1,250,000
Detached|Bungalow
2 | 2 | 1
About this home
Location, Location: "Lake Shore Drive". Across the Street from Lake Front. Close to Water Front parks + paths. Well cared for home which offers in-law suite or rental possibilities. Separate Entrance, Situated on large lot. Walking distance to TTC + 5 minutes to "Mimico GO". Kitchen and 2 bathrooms updated. Hardwood Floors.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | < 700 sq. ft. |
| Property Tax | $4,954 |
| Lot Size | 30 ft x 120 ft |
| mls© Number | W13849146 |
| Listed By | SUTTON GROUP REALTY SYSTEMS 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%
- $6,398
- Property tax
- $413
- Heat allowance
- $150
- Housing costs
- $6,961 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $250,000
25-yr amortization
Income needed
$214,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $250,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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