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New1 day ago

487 Hounslow Avenue

Willowdale West, Toronto

$1,398,000

Detached|Bungalow
3 | 2 | 3
About this home

Nestled on the highly sought-after Hounslow Avenue, south of Finch, in a desirable neighbourhood surrounded by impressive newer custom-built residences, this charming detached bungalow presents an exceptional opportunity for homeowners, investors, and those looking to create their dream home in a prime North York location.The main level offers a warm and inviting atmosphere with timeless character, featuring three generously proportioned bedrooms and comfortable living spaces ready to be enjoyed as is or thoughtfully reimagined to suit modern tastes.A standout feature is the newly finished lower level, thoughtfully designed with two bedrooms, a modern bathroom, a kitchen, and a spacious open-concept living and dining area, offering remarkable flexibility for extended family or multigenerational living.Situated in an established neighbourhood experiencing an exciting transformation with luxurious custom homes, this property offers tremendous potential for future enhancement. Conveniently located within close proximity to TTC transit, major transportation routes, shopping, schools, parks, and everyday amenities.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,527
Lot Size50.07 ft x 131.93 ft
mls© NumberC13880104
Listed ByREMAX YOUR COMMUNITY REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,156
Property tax
$627
Heat allowance
$150
Housing costs
$7,933 / mo

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

Down payment20% · $279,600
25-yr amortization

Income needed

$244,000

gross annual household income

Payment at 4%
$5,883 / mo
Cash down
$279,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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