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Listed 11 days ago

40 Tealham Drive

West Humber-Clairville, Toronto

$929,900

Detached|Bungalow-Raised
3 | 2 | 3
About this home

Spacious Move-In-Ready Bungalow with Income Potential!Discover this spacious, move-in-ready bungalow featuring a beautifully updated modern kitchen, porcelain tile flooring, and appliances. Enjoy generously sized bedrooms, well-maintained floors, bright pot lights, and oversized windows that fill the home with natural light.The fully finished basement offers excellent investment potential, featuring a large living area and two additional bedrooms. Basement has a separate side entrance. The existing bar area offers the potential to be converted into a kitchen, subject to applicable approvals.Conveniently located just minutes from Humber College, this home is close to parks, public transit, shopping, and dining, with easy access to major highways for a convenient commute.Perfect for homeowners, investors, or multi-generational families looking for space, comfort, and income potential!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,875
Lot Size45 ft x 122.6 ft
mls© NumberW14133200
Listed ByHOMELIFE/MIRACLE REALTY LTD

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%
$4,760
Property tax
$323
Heat allowance
$150
Housing costs
$5,233 / mo

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

Down payment20% · $185,980
25-yr amortization

Income needed

$161,000

gross annual household income

Payment at 4%
$3,913 / mo
Cash down
$185,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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